Chelsea Avoid PSR Breach by Selling Women’s Team to Parent Company – But Face UEFA Scrutiny

Chelsea averted a Premier League financial rules breach by selling their women’s team to their parent company for over £150 million, but the move could violate UEFA regulations.

Original Source
The Times
Written by
Craig 'Tosh' McKinnon
1 Apr
10:14
Business

The1905.Club Summary

Chelsea have avoided breaching the Premier League’s Profitability and Sustainability Rules (PSR) thanks to a £198.7 million profit generated by selling their women’s team and other subsidiaries to the club’s parent company, Blueco 22 Midco Ltd. The women’s team alone is believed to have been valued at over £150 million in the transaction, which took place just days before the financial deadline.

This strategic manoeuvre, along with £152.5 million in player sales, helped Chelsea post a net profit of £129.6 million despite operating losses and a dip in revenue from missing out on Champions League football. While the Premier League allows such intra-company sales, UEFA does not — putting Chelsea at risk of breaching European financial regulations. Chelsea defended the restructure as a means to provide focused commercial leadership for the women’s team.

Key Points

  • Chelsea sold their women’s team and other assets to parent company Blueco 22 Midco Ltd to generate £198.7 million profit.
  • The women’s team was valued at over £150 million, making them one of the most valuable in the world.
  • The move helped Chelsea stay within the Premier League’s Profitability and Sustainability Rules for 2023–24.
  • The club also generated £152.5 million from player sales but recorded a revenue drop due to no Champions League involvement.
  • Despite a net profit of £129.6 million, Chelsea’s operating losses were around £170 million.
  • UEFA’s financial rules prohibit such asset sales to sister companies, raising concerns over a potential breach.
  • Chelsea claim the restructure will provide focused growth for the women’s team.
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    Written by 
    Craig 'Tosh' McKinnon
    Co-founder of The1905Club. A life long Chelsea fan and season ticket holder for over twenty years. Now residing in Poland, this doesn't stop Tosh from watching every minute of every game.
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