Chelsea creates room to clear PSR with £76.5m hotels sale
September 5 – Chelsea have been cleared by the Premier League for the £76.5 million sale of two hotels to a sister company to help the club stay compliant with financial regulations known as profit and sustainability rules (PSR).
In the club’s accounts for the 2022-23 financial year published in April, it was revealed that the west London club made a loss of £89.9 million, but that figure would have been £166.4 million had they not sold the Millennium and Copthorne hotels adjacent to their stadium.
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