UEFA to Review Chelsea’s Finances After Record Profit

The Union of European Football Associations (UEFA) is expected to scrutinise Chelsea’s financial records at the end of this season following the club’s announcement of a £128.4 million pre-tax profit for the year ending 30 June 2024.

The dramatic turnaround from a £90.1 million loss the previous year was largely fuelled by player sales and the sale of the women’s team to Chelsea’s parent company, BlueCo 22.

While the English Premier League has cleared the club of any Profit and Sustainability Rules breaches, UEFA applies stricter Financial Fair Play regulations, particularly concerning transactions between related parties.

The sale of the women’s side and two hotels to affiliated entities has sparked questions over whether such moves were used to boost profits artificially.

Chelsea maintains that the restructuring provides dedicated resources for the women’s team, who are on course for a sixth straight Women’s Super League title. However, the deals may still be reviewed by UEFA’s independent panel, which could issue fines if any breaches are found.

Despite missing out on the Champions League, due to failing to qualify, Chelsea’s commercial and matchday income has remained strong. Their financial strategy, though effective domestically, now faces the challenge of standing up to European scrutiny and the club may be expected to pay penalties or fines if they are found to have slipped below the international standards.

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