‘Hedge fund with shin pads’ – Chelsea sell women’s team to THEMSELVES in loophole to avoid PSR punishment

CHELSEA avoided a Premier League PSR charge by selling their women’s team to THEMSELVES for up to nearly £200m.

While full figures for the 12 months to June 30 2024 have yet to be published, the Stamford Bridge outfit declared a pre-tax profit of £128.4m, compared to a loss of £90.1m, the previous year.

Chelsea have sold their women’s team to themselves to avoid PSR punishmentAlamy AlamyChelsea flogged their two hotels to BlueCo last season in a similar move[/caption]

January’s...