Premier League clubs to vote on closing PSR loophole – Report | OneFootball

The Premier League clubs are now set to vote on closing a PSR loophole.

An exclusive (see below) from The Times revealing the news.

Martyn Ziegler is Chief Sports Reporter at the newspaper and has often been first with revealing Premier League changes that are set to happen.

The man from The Times says that the ‘Chelsea’ PSR loophole is expected to be voted on this midweek.

To the average fan, it appears to be a trend of closing the stable door after the host has bolted.

Clubs such as Chelsea allowed to do whatever they like and only afterwards anything potentially happening to stop this kind of ‘creative’ accountancy.

The Times report – 2 June 2025:

‘The Premier League is planning to make a new proposal to clubs this week to close the loophole that has allowed Chelsea to register a profit from selling hotels and their women’s team to a sister company.

Chelsea sold the women’s team for a stated £198.7million — though the value of the deal has yet to be approved by the Premier League — and two hotels for £70.5million. The deals have helped the club comply with the league’s Profitability and Sustainability Rules (PSR) over the past two seasons.

The league’s annual meeting takes place on Tuesday and Wednesday and the 20 clubs are expected to be asked to vote on a change to its rules so that such transactions cannot be declared as income for PSR purposes. At least 14 clubs would need to vote in favour for it to be passed.

Club sources told The Times that the wording of the proposal could be crucial, as a vote on the issue this time last year failed to go through because clubs felt the wording was too broad and would also stop them declaring income from selling assets such as property to unrelated parties.

It is also understood some clubs believe that as Chelsea have previously benefited from the loophole then others should be allowed the same opportunity.

Uefa does not accept the sale of assets to sister companies as income and, as previously revealed by The Times, Chelsea is in talks with the European governing body over a financial settlement for breaching its financial rules, which limit the losses a club can make and the amount they can spend on players’ wages, transfers and agents’ fees in relation to their revenue.

Chelsea transferred ownership of the women’s team to a sister company called Blueco 22 Midco Ltd on June 28, two days before the June 30 deadline for 2023-24 finances to be registered. That allowed Chelsea FC Holdings Ltd to record a £129.6million profit in 2023-24 — but for Uefa’s purposes it goes down as a £70.4million loss.

The club’s ultimate holding company, 22 Holdco Ltd — which also owns the French club Strasbourg — recorded a £445.5million loss in 2023-24. As the finances from all the subsidiary companies are consolidated, it too cannot include the Chelsea women’s team sale as income.’