Chelsea face £200m profit 'quiz', as club begin talks with UEFA after selling women's team to sister company

Chelsea are successful talks with UEFA aft the European governing assemblage ruled against allowing the nine to usage the merchantability of their women’s squad to a sister institution for £200million successful their nett margins.

UEFA’s rules connected associated enactment transactions are notoriously stricter than the Premier League’s and without that sizeable portion of income, the Blues are perchance successful occupation for breaching fiscal limitations.

Sources person confirmed Chelsea are present successful dialog with UEFA, with a good believed to beryllium the likeliest result arsenic opposed to a prohibition from European football. Neither the nine nor the governing assemblage commented publically connected the communicative erstwhile contacted yesterday.

Chelsea sold their women’s squad to BlueCo 22 Midco Limited, a subsidiary of BlueCo 22 Limited. The £200m worth was revealed successful their accounts published by Companies House yesterday, with it noted that £198.7m of that merchantability counted arsenic profit.

It was besides highlighted successful those accounts that the Premier League person not yet agreed to the terms constituting just marketplace worth and that if the valuation is declared excessively high, it could beryllium reduced.

Chelsea reported a pre-tax nett of £128.4m successful their fiscal results for the twelvemonth ending June 2024. The nine are said to beryllium relaxed astir the situation, feeling that they person done owed diligence successful their declarations.