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Chelsea FC is going through a critical period. Despite colossal investments since the arrival of Todd Boehly, the Blues are in the viewfinder of UEFA, threatened with an exclusion from European competitions for non-compliance with the financial rules in force. In question: significant losses and an accounting operation deemed irregular by the body.
According to The TimesUEFA rejected Chelsea's attempt to count the sale of its women's section for more than 200 million euros to Blueco 22 Midco LTD, a company affiliated with the same owner group as well as benefit. This sale would have enabled the London club to present a net profit of 155 million euros for the 2023-2024 season, masking a deficit greater than 100 million euros recorded during the previous financial year. However, financial regulations prohibit this type of internal transaction as an eligible source of income.
Consequently, Chelsea is currently in discussions with UEFA to avoid a sanction, which could go as far as a European Cup prohibition in the event of a recurrence. The owners, they want to be confident. Still according to The Timesthey work in the development of a sustainability plan to meet the requirements of the body. At least three other European clubs would also be affected by similar surveys.
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