Chelsea is currently in discussions with UEFA after the European governing body questioned the club’s financial reporting involving the sale of their women’s team.
The Blues had counted the £200 million sale to a sister company, BlueCo 22 Midco Limited, as part of their profits.
However, UEFA’s financial rules, which are more stringent than those of the Premier League, have flagged this transaction as potentially breaching financial fair play regulations.
Potential Financial Consequences for Chelsea
The deal, which was recorded in Chelsea’s financial accounts, has raised eyebrows due to its size and the associated party involved.
UEFA’s stricter guidelines on such transactions may lead to a significant fine, although a ban from European competition is not expected at this point.
Chelsea has been in talks with UEFA to clarify the situation, but both the club and the governing body declined to comment on the matter when contacted.
Sale of Women’s Team Not Yet Accepted by the Premier League
Chelsea’s £200 million sale of their women’s team to BlueCo 22 Limited was officially recorded, with £198.7 million of it counted as profit.
However, the Premier League has yet to approve the valuation of this deal, with concerns raised about whether the price accurately reflects fair market value.
If the valuation is determined to be too high, the reported profit could be adjusted accordingly.
Chelsea’s Financial Results and Confidence in Their Declarations
For the year ending June 2024, Chelsea reported a pre-tax profit of £128.4 million.
Despite the ongoing discussions with UEFA, the club remains confident that they have followed proper procedures and conducted due diligence in their financial declarations.
As of now, Chelsea appears to be taking a relaxed approach to the situation, believing that they have acted within the rules.
