Chelsea facing Uefa fine after overspending
Governing body will not allow Chelsea to count income from £200million sale of women’s team and sale of hotels to sister companies, with club facing potential ban from Europe if they reoffend
Chelsea have breached Uefa’s limits on financial losses for last season after the European governing body did not allow the club to count as income selling its women’s team to a sister company for a world-record value of £200million.
The Sunday Times has learnt that Chelsea are now in talks with Uefa over a settlement which is likely to involve the club paying a financial penalty and agreeing to a spending plan for the next three seasons. That plan could include the threat of stiffer sanctions such as exclusion from European competition for a season if they breach the limits again.
The outcome of the settlement is due to be made public by Uefa in mid-May.
Unlike the Premier League, Uefa’s financial rules do not allow clubs to declare income from selling assets to sister companies. As well as £200m from the Chelsea women’s sale to the sister company Blueco 22 Midco Ltd — the actual value was revealed in accounts published by Companies House on Saturday showing a £198.7m paper profit — Chelsea registered income of £76.5m from the sale of two hotels to another sister company in June 2023.
That sum also has to be removed from Chelsea’s balance sheet when it comes to assessing its compliance with Uefa’s limits on financial losses.
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