Absolute disgrace what has now been allowed to happen at Chelsea – How can it carry on like this? | OneFootball

What is happening at Chelsea just gets ever more laughable.

Not that there is anything to laugh about, when it comes to how their football club operates.

Far far worse of course, is how Chelsea Football Club are allowed to do all of this ‘within the rules’, apparently.

This report (see below) from The Times on the latest Chelsea accounts, absolutely outrageous.

The American owners of the club having already pulled stunts like selling hotels that Chelsea own to themselves, to somehow stay within PSR (Profit and Sustainability RULES!).

Now it is the Stamford Bridge owners selling the Chelsea women’s team to themselves.

Rather than Chelsea making a massive loss for 2023/24 that would take them well beyond the three years allowed losses under PSR, instead they actually make a large profit!

A joke, not a funny one.

The Chelsea women’s team having a turnover of around £10m and not making a profit, yet somehow valued at £150m+ when the American owners sell it to themselves.

Remember though folks, it is all in the strict Premier League ‘rules’…!!!

Almost as bad as what is happening at Chelsea Football Club, is how little scrutiny and coverage/outrage it gets from the media. The Times report below a rare example of when what they are up to at Stamford Bridge is broadcast.

Yet again, this latest audacious accounts manipulation will be very quickly forgotten about by the London-centric media.

Just imagine if not Chelsea doing this, if it was instead say…Newcastle United. We would never hear the last of it.

The Times report – 31 March 2025:

Chelsea made a profit of almost £200million from selling their women’s team and other subsidiaries to the club’s parent company in a move that helped them to avoid breaching the Premier League’s Profitability and Sustainability Rules last season.

The figure of £198.7million was revealed on Chelsea’s website, although the club’s full 2023-24 accounts have yet to be published. It is believed that the value of the women’s team alone was considerably more than £150million.

A profit on player sales of £152.5million also helped Chelsea to register an overall net profit of £129.6million despite revenue falling from £512.5million to £468.5million due to the men’s team not competing in the Champions League. The figures suggest the club had operating losses of about £170million.

The Premier League’s 20 clubs have decided against closing a loophole that allows clubs to register income from selling assets to sister companies. Chelsea previously registered the sale of two hotels to a sister company for £76.5million.

Chelsea are likely to be in breach of Uefa’s financial rules, however, as its rules do not allow for clubs to register income from selling assets to sister companies.

The club transferred ownership of the women’s team to Blueco 22 Midco Ltd on June 28, two days before the June 30 deadline for 2023-24 finances to be registered.

The paper value of Chelsea Women of more than £150million would make them the second most valuable women’s team in the world behind Angel City in the United States, where women’s football is commercially more successful — it was bought for £190million last year.

Chelsea said in a statement: “The profit for the year before taxation was £128.4million compared with a loss of £90.1million for the prior year as the club benefited from increased profit on disposal of player registrations and repositioning of Chelsea Football Club Women Ltd.