On August 6, the Premier League will vote again on a rule change to prevent a repeat of Chelsea’s controversial sale of hotels to a related company to avoid Financial Fair Play rules.
In 2023, Chelsea managed to avoid breaching the Premier League’s Profitability and Sustainability Regulations (PSR) by selling two hotels at Stamford Bridge to a related company. At the Premier League AGM in June, a proposal to close the loophole was put to the clubs, but only 11 of the 20 voted in favor. Some clubs deemed the proposal to be too broad.
The Premier League wants to close the loophole before the new financial regulations come into effect in the 2025-26 season. The Premier League will submit a new proposal to the clubs next month at the earliest.
Chelsea sold two hotels to a related company for £76.5 million in 2023, which was recorded as club income. The Premier League will introduce new financial regulations in the 2025-26 season, which includes a cost control system. Player wages and transfer fees will be restricted to 85% of club revenue, and it will also prohibit clubs from counting sales to related companies as income.
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