342.9 billion surplus → the result of the turnaround? Chelsea Fiscal Regulations Avoidance of Violation of Fiscal Regulations Controversy...Maximum possibility of UEFA disciplinary action

Apr 01, 2025

342.9 billion surplus → the result of the turnaround? Chelsea Fiscal Regulations Avoidance of Violation of Fiscal Regulations Controversy...Maximum possibility of UEFA disciplinary action
ReutersYonhap News



Chelsea is embroiled in a cheating controversy.

Chelsea announced on the 31st (Korea time) that it had a surplus of 180 million pounds (about 342.9 billion won). The £198.7 million 'Affiliated Disposal Profits' contained in this report is a problem.

Chelsea sold Chelsea Women to Blueco, a holding company set up by owners Todd Bullie and Clearlake Capital to acquire the club. At that time, the sale price was not disclosed in detail, but the report revealed the scale.




The British daily Times reported that the sale of the women's team prevented Chelsea from violating the Premier League Revenue and Sustainability Rules (PSR), adding that Chelsea has been actively investing in recruiting players every season, with transfer fees exceeding 1 billion pounds (about 1.9053 trillion won). "The Premier League allows profit generation through transactions of subsidiaries or affiliates (APTs), but UEFA financial regulations do not allow this," he said. "Chelsea has already sold two hotels in addition to selling the women's team."

342.9 billion surplus → the result of the turnaround? Chelsea Fiscal Regulations Avoidance of Violation of Fiscal Regulations Controversy...Maximum possibility of UEFA disciplinary action
ReutersYonhap News
In other words, Chelsea avoided book losses by selling its club assets to affiliates. Since it is no different from preventing losses by returning them, it has no choice but to accelerate the deterioration of the club's finances in the long run. A Chelsea official described the sale of the women's team to Bluco as a "replacement" and argued that " (through the sale of Bluco) we will have support, operational and commercial leadership to focus solely on growth and success".

The British daily Daily Mail pointed out that although the Premier League allows APT, transactions must be made according to the appropriate market value, and that the profits Chelsea revealed through this announcement are a trick that eventually used APT to penetrate PSR's loopholes.




It is not known whether the Premier League will launch a practical investigation into this case. However, considering the situation in which Manchester City is facing disciplinary action after extensive investigation into PSR violations, Chelsea is also unlikely to move on easily.



This article was translated by Naver AI translator.