Chelsea are cleared of all wrong doing by selling their own hotels to themselves

So Chelsea are cleared of all wrong doing by selling their own hotels to themselves and collecting the future revenue that will be also allowed on their profit and loss accounts going forwards.

Now to many this will seem like a total act of fraudulent trading and a move made by our owners to get around the rules regarding profit and sustainability rules

It was a decision made just like those 8 and 9 year contracts that Chelsea have done whereby they have done so without clearance or any up front investigative du diligence simply because there is no rule or rules and so this is why it’s taken so long by The Premier League to come to this decision and I think that this now will open up a can of worms where the Premier League are caught in a position where they do not know what to do

I also think that Manchester City will win their case and the fact that it’s all being done behind closed doors leads me to think that there is only a compromise that can be done where City may make a financial payment for it all to go away

Truth is that Government ministers have been threatening to pull the PL and football in general into the real world and I suspect that it was this that’s led to The PL acting out of character clamping down on clubs such as Everton and alike, this is a mess and it will come down to either nothing being done or the whole thing will need looking at as I suspect everything about football is not compliant

If you know how money is created in its essence you will know that FFP or profit and sustainability is a crock of shit, and most companies are owned from within by others competitors or not by the same financial interest and so where does all this go ? 

I guess I’m just glad that Chelsea march on and others will just have to be angry as a result of it all who are we where does this all lead, is it Chelsea FC Holdings is it Blue Co 22 is it Clearlake Capital is it Goldman Sachs is it Blackrock well it is what it is I’m afraid and it’s Chelsea FC and we love them whole heartedly regardless, anyway this is below an article written by The BBC .. enjoy 

Chelsea have been cleared by the Premier League for the sale of two hotels to a sister company to keep them compliant with profit and sustainability rules.

The Blues published their accounts in April, revealing the sale of the Millennium and Copthorne hotels next to Stamford Bridge for £76.5m in an effort to help them avoid a potential £166.4m loss, reducing it to an allowable £89.9m for the financial year.

The hotels changed ownership from Chelsea FC Holdings Ltd to BlueCo 22 Properties Ltd, two companies under the control of the Todd Boehly and Clearlake Capital ownership.

The sales have since been ratified by the Premier League under what is termed a 'fair market valuation' under the league's associated-party transaction rules.

Whether the £76.5m value has been changed is unclear but Chelsea have maintained their confidence in adhering to PSR rules that permitted clubs to have a maximum of £105m in losses over a three-year period as certain costs for infrastructure, academy and women's football are allowed to be deducted.

Such transactions are not allowed in Uefa competitions, with Chelsea back in Europe in the Conference League this season, and in the English Football League after they closed the loophole in 2021, but the Premier League opted against following suit.

The Premier League remains open to closing the loophole through a future vote.

An attempt to ban such transactions within the league was most recently attempted by Premier League members in June but only a reported 11 clubs supported the idea, with a minimum of 14 needed required to vote through a change to the regulations.

Senior staff within Chelsea and the controlling Clearlake Capital ownership believe they will be compliant with financial rules for the 2024-25 season.

The club is set to earn significant financial reward for taking part in the Club World Cup next summer.