Premier League 'make decision' on Chelsea's controversial hotel sales
International news
The Premier League have cleared Chelsea's controversial sales of two hotels to a sister company in a help to avoid breaches of Profit & Sustainability Rules, a report has revealed.
Chelsea's financial accounts for the 2022/23 campaign showed losses of £89.9m, with that figure factoring in a controversial sale of two hotels next to Stamford Bridge to another BlueCo 22 company for £76.5m.
Despite plenty of criticism from rivals for seemingly selling assets to themselves, ESPN state the Premier League are happy to approve the deal and have allowed Chelsea to include the sale in their financial accounts.
League officials are satisfied with the value of the transaction, insisting it represents fair market value, and have given their formal approval.