Can Football get anymore crooked.

[Lolmorgan]

What the hell has this got to do with football, when have hotels got to do with football.Try selling some of the 42 players they have got.Chelsea have been cleared by the Premier League for the sale of two hotels to a sister company to keep them compliant with profit and sustainability rules (PSR).
The Blues published their accounts in April, revealing the sale of the Millennium and Copthorne hotels next to Stamford Bridge for £76.5m in an effort to help them avoid a potential £166.4m loss, reducing it to an allowable £89.9m for the financial year.

The hotels changed ownership from Chelsea FC Holdings Ltd to BlueCo 22 Properties Ltd, two companies under the control of the Todd Boehly and Clearlake Capital ownership.
The sales have since been ratified by the Premier League under what is termed a 'fair market valuation' under the league's associated-party transaction rules.

Whether the £76.5m value has been changed is unclear but Chelsea have maintained their confidence in adhering to PSR rules that permitted clubs to have a maximum of £105m in losses over a three-year period as certain costs for infrastructure, academy and women's football are allowed to be deducted.
Such transactions are not allowed in Uefa competitions, with Chelsea back in Europe. Man C will get away with it also, football stinks.