According to The Times, UEFA is refining its financial rules. In the future, income generated from asset sales between sister clubs will not be counted as part of a club’s profits.
This move aims to close a previous loophole that many clubs exploited to generate substantial fictitious profits. Premier League giant Chelsea was one of the major users of this loophole.
In recent times, Chelsea sold two of its hotels to an affiliated company for £76.5 million, thereby achieving significant gains and freeing up salary space to purchase players.
UEFA has yet to announce the new regulations, which means Chelsea can still take advantage of this loophole. However, UEFA’s stance is clear: it strictly prohibits such operations by clubs, and Chelsea could face penalties. Any punishment imposed by UEFA would not affect Chelsea’s participation in domestic leagues; they can only prohibit rule-violating clubs from participating in European competitions.
In other words, should UEFA determine that Chelsea violated the rules, Chelsea would only be able to compete in domestic league and cup matches next season, and would be excluded from European competitions.
UK Media: UEFA is Attempting to Plug Loopholes in Financial Rules; Chelsea May be Excluded from Next Season’s European Competitions if Implemented. Author：Sports UEFA.Please indicate the source when reproduced：https://www.sportsuefa.com/football-world/32286.html
