According to Daily Mail, Chelsea had to sell a hotel for 76.3 million pounds to avoid a point deduction in the Premier League.
The Blues had to sell the hotel to BlueCo – a group owned by Todd Boehly and Clearlake – in order to maintain compliance with the Premier League’s Profit and Sustainability Rules (PSR).
Currently, England’s top tournament allows clubs to record losses of 105 million pounds a year, but Chelsea’s current loss is up to 249 million pounds.
In addition to selling the hotel, the Stamford team is planning to liquidate 11 stars in the summer of 2024, mainly focusing on “homegrown” players to collect budget. At this time, Chelsea is racing against time to collect money to make up for losses if they do not want to be heavily deducted points.
The reason why Chelsea focuses on “homegrown” players is because they believe it will help them earn “pure profits” related to PSR. Chelsea has no shortage of stars trained at Cobham, and the academy player with the highest achievements who could leave in the near future is Conor Gallagher.
In addition, three adult players from the academy who are currently on loan, including Ian Maatsen (Dortmund), Armando Broja (Fulham) and Lewis Hall (Newcastle), will also be pushed away from Stamford Bridge by Chelsea. If all 5 names above are successfully liquidated, The Blues promise to earn quite a bit of money to cover expenses in the summer of 2024.
So far, two clubs in the Premier League have had points deducted for violating financial rules, including Everton and Nottingham. Sheffield United also recently received a penalty, but the point deduction will be applied next season.
