Chelsea’s £76.5m hotel deals raise questions over PSR compliance
by The Guardian
The Guardian— Club’s losses reduced by property deal with sister companyChelsea would have lost £166.4m without hotel salesPremier League clubs reacted with exasperation after seeing that Chelsea eased their financial position with the £76.5m sale of two hotels to a sister company in a deal that appears to have helped the club avoid a breach of profitability and sustainability rules (PSR).Chelsea’s accounts, published last weekend, revealed the club made a loss of £89.9m in the last financial year. That...
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