Chelsea is in conversation with UEFA after the European administrative body had ruled against allowing the club to use the sale of their women's team to a sister company for £ 200 million in their profit margins.
The rules of UEFA for the transactions of Associated Party are notoriously stricter than those of the Premier League and without a significant piece of income, the blues are possible in the problems for violating financial limitations.
Sources have confirmed that Chelsea is now in dialogue with UEFA, with a fine that it is believed to be the most likely outcome in contrast to a ban from European football. Neither the club nor the administrative body did publicly comment on the story when contact was contacted yesterday.
Chelsea sold their ladies team to Blueco 22 Midco Limited, a subsidiary of Blueco 22 Limited. The value of £ 200 million was unveiled in their accounts published by Companies House yesterday, with this noticing that £ 198.7 million of that sale was counted as a profit.
In those accounts it was also emphasized that the Premier League has not yet agreed to the price that the real market value is and that if the valuation is explained too high, it can be lowered.
Chelsea reported a profit before taxes of £ 128.4 million in their financial results for the year ending on June 2024. The club would be relaxed around the situation, the feeling that they have done the necessary diligence in their statements.
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