Chelsea are in talks with UEFA after the European governing body ruled against allowing the club to use the sale of their women’s team to a sister company for £200million in their profit margins.
UEFA’s rules on associated party transactions are notoriously stricter than the Premier League’s and without that considerable slice of income, the Blues are potentially in trouble for breaching financial limitations.
Sources have confirmed Chelsea are now in dialogue with UEFA, with a fine believed to be the likeliest outcome as opposed to a ban from European football. Neither the club nor the governing body commented publicly on the story when contacted yesterday.
Chelsea sold their women’s team to BlueCo 22 Midco Limited, a subsidiary of BlueCo 22 Limited. The £200m value was revealed in their accounts published by Companies House yesterday, with it noted that £198.7m of that sale counted as profit.
It was also highlighted in those accounts that the Premier League have not yet agreed to the price constituting fair market value and that if the valuation is declared too high, it could be reduced.
Chelsea reported a pre-tax profit of £128.4m in their financial results for the year ending June 2024. The club are said to be relaxed around the situation, feeling that they have done due diligence in their declarations.
