Contents
Missing Paperwork or Clever Accounting?
Amidst financial turbulence, Chelsea FC’s hotel property sale remains a mystery, as official records have yet to confirm the transaction. Finance expert Stefan Borson finds the absence of confirmation from Chelsea, the Premier League, and the Land Registry particularly puzzling, given the substantial £76.5 million deal was said to be completed over a year ago.
Stamford Bridge Hotels: A Strategic Move?
With a reported £90 million loss for the 2022-23 financial year, Chelsea navigated through the Premier League’s financial regulations by offloading two Stamford Bridge hotels to a sister company. This strategic move was seemingly aimed at balancing the books to fit within the permitted £105 million loss over three years.
Last-Minute Deals to Dodge Financial Fair Play Penalties
The London club engaged in eleventh-hour sales before the 30 June accounting deadline, aiming to stay within the financial fair play boundaries for the upcoming 2023-24 season. These actions suggest a club striving to maintain its competitive status while adhering to the league’s stringent economic policies.
Expert Weighs In: Sale Likely to Proceed Despite Delays
Borson, while acknowledging the oddity of the situation, believes that the hotel sale will eventually be recognized. The delay raises questions about potential arbitration or other undisclosed issues, yet the expert deems it improbable that the sale would be outright rejected after such a delay.
Chelsea’s Conduct: Business as Usual?
Despite the lingering uncertainty, Chelsea’s behavior does not betray any signs of concern regarding the hotel deal. The club continues its operations, with no public acknowledgment of complications or disruptions stemming from the unregistered transaction.
Did you miss our previous article…
https://3pointsforawin.com/?p=123582
