Chelsea Football Club is facing significant challenges in complying with UEFA's financial regulations. The European governing body has confirmed that clubs cannot declare income from the sale of assets to sister companies. This decision impacts Chelsea, which had been considering such financial maneuvers to meet the regulations. The club is now under pressure to find alternative ways to comply with UEFA's rules this season.
Sources
Prem Sikka
Chelsea's ownership blues: Incompetence at Stamford Bridge shows private equity at its worst. Financial engineering, high debt, low investment, asset stripping now being applied to football clubs. What will private equity devour next? https://t.co/VHpWPo6oDE
Transfer News Live 🚨 UEFA won’t allow clubs to declare income from assets being sold to sister companies. 💰❌ This means Chelsea will face a major challenge meeting UEFA’s financial rules this season. (Source: @martynziegler) https://t.co/1UX7BtEjtD
CentreGoals. 🚨🚨| JUST IN: UEFA won’t allow clubs to declare income from sale of assets to sister companies... 💰❌ This means Chelsea will face a major challenge meeting UEFA’s financial rules this season. [@martynziegler] https://t.co/6d8tiIPNVL
Additional media
