Chelsea sell women's team for 200 million pounds

Chelsea flouted Premier League financial sustainability regulations (PSR) by selling their women's team to their parent company for £200m.

Chelsea sell women's team to circumvent financial rules.

The financial report for the fiscal year ending June 30, 2024 has not been published, but Chelsea has announced a pre-tax profit of 128.4 million pounds, in stark contrast to a loss of 90.1 million pounds in the same period last year. Thanks to that, "The Blues" were not concluded by the Premier League to have exceeded the allowable loss of 105 million pounds for 3 consecutive seasons.

This is not the first time Chelsea has used internal transfers to generate profits on paper. Last season, the club also sold two hotels located on the Stamford Bridge grounds to its parent company, both owned by billionaires Todd Boehly and Behdad Eghbali.

Over the past two years, Chelsea has earned £275 million in internal profits through the sale of assets to its parent company - a form known as "inter-group accounting profit".

Chelsea did this to make up for the crazy shopping spree under the new owner after Roman Abramovich was forced to sell the club in 2022. In the summer of 2024 alone, Chelsea spent more than 400 million pounds to recruit Moises Caicedo, Cole Palmer, Nicolas Jackson, Christopher Nkunku and Romeo Lavia, bringing the total investment to more than 1 billion pounds in just over a year.

However, by spreading the transfer fee over the contract term, Chelsea only have to record the £80 million transfer fee each season in their books, instead of the full actual cost.

At the same time, they also earned nearly 240 million pounds from player sales, including 65 million pounds from Kai Havertz's transfer to Arsenal, thereby pocketing 152.5 million pounds in transfer profits.

However, club revenue fell to £468.5m, down £44m on the previous year, largely due to the men's team not being in the Champions League.

The clubs that made the most money from player sales Chelsea led the way in terms of player sales revenue over the past 10 seasons with 1.3 billion euros. Benfica and Monaco followed thanks to big deals like Félix and Mbappé.

Source: https://znews.vn/chelsea-ban-doi-nu-gia-200-trieu-bang-post1542328.html