Chelsea is in talks with UEFA after the European director organ has decided to allow the club to use the sale of their women’s team to a sister company for 200 million pounds sterling in their beneficiary margins.
The UEFA rules on associated parties transactions are notoriously stricter than the Premier League and without this considerable income tranche, the blues are potentially in difficulty to vioder financial limitations.
The sources have confirmed that Chelsea is now in dialogue with UEFA, with a fine considered as the most likely result as opposed to a ban on European football. Neither the club nor the director body publicly commented on the story when they were contacted yesterday.
Chelsea sold their female team to Blueco 22 Midco Limited, a subsidiary of Blueco 22 Limited. Yesterday, the value of 200 million pounds sterling was revealed in their accounts published by Companies House, with it noted that 198.7 million pounds sterling of this sale had as profit.
It has also been underlined in these accounts that the Premier League has not yet accepted the price constituting fair market value and that if the evaluation is declared too high, it could be reduced.
Chelsea reported a profit before tax of 128.4 million pounds sterling in their financial results for the year ending in June 2024. The club would be relaxed in the situation, saying that they had shown reasonable diligence in their statements.
Chelsea is in talks with UEFA after having decided to allow the club to use the sale of their women’s team to a sister company for 200 million pounds sterling in their beneficiary margins
Chelsea sold the female team to Blueco 22 Midco Limited, a subsidiary of Blueco 22 Limited