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Chelsea get away with it! Premier League fails in bid to close PSR loophole that helped Blues swerve rules

FIFA Club World Cup

Chelsea

Los Angeles FC

<p>The Premier League were unable to bring changes to the existing profitability and sustainability rules (PSR), as no vote was held to alter the current regulations during a meeting on Wednesday, according to <a href="https://www.standard.co.uk/sport/football/chelsea-fc-premier-league-profit-and-sustainability-b1231304.html" target="_blank"><em>The Standard</em></a>.</p>

WHAT HAPPENED?

<p>With the league failing to close the loophole in the current PSR rules, Chelsea have greatly benefited. With the old rules still in practice, clubs will be able to sell assets to related firms and that revenue can be included in their accounts for the following season.</p>

THE BIGGER PICTURE

<p><a href="https://www.goal.com/en-gb/lists/chelsea-bizarrely-sell-hotel-76m-avoid-points-deduction-disastrous-financial-results/blt80bf92c53dff9bef" target="_blank">The Blues sold two hotels in 2023 to companies related to their owners</a> and included the revenue generated from the transaction in their submission.<a href="https://www.goal.com/en-gb/lists/chelsea-announce-profits-blues-sell-women-team-to-themselves-comply-league-psr-rule/blt8fe81898f5b461a3" target="_blank"> They also sold their women's team to a related company at a valuation of £200 million ($270m) and could show a net profit of £129.6m for the year ending on June 30, 2024</a>.</p>

DID YOU KNOW?

<p>With a huge financial boost, Chelsea will now shift their focus to the Club World Cup, where they play their first match of the tournament in the U.S. on June 16 against MLS side LAFC.</p>

WHAT NEXT FOR CHELSEA?

Chelsea get away with it! Premier League fails in bid to close PSR loophole that helped Blues swerve rules | Goal.com

Chelsea were handed a major boost as the Premier League failed to close a PSR loophole at a top-flight meeting.

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