On August 6, the Premier League will vote again to prevent a recurrence of Chelsea avoiding the PSR (Profitability and Sustainability Regulations) loophole by selling a hotel.
In 2023, Chelsea successfully avoided breaching the PSR by selling two hotels located at Stamford Bridge. At the Premier League’s annual meeting in June, a proposal to close this loophole was put forward and submitted for a vote by the 20 Premier League clubs. However, some clubs felt the proposal was too broad, leading to only 11 clubs voting in favor, falling short of the required two-thirds majority for passage.
New financial regulations will be implemented in the Premier League starting from the 2025-26 season. In this context, the Premier League believes that the relevant loophole should be closed before the introduction of these new financial rules. As such, the Premier League will submit a new proposal to the clubs as early as next month.
In 2023, Chelsea sold two of its hotels located at Stamford Bridge to an associated company for £76.5 million, which was counted as club revenue. Starting from the 2025-26 season, the Premier League will introduce new financial policies, one of which is the calculation of team costs. Player salaries and transfer expenditures will be capped at 85% of club revenue, and the sale of assets to associated companies will no longer be permitted to count as profit.
The Premier League will vote again to avoid a repeat of the loophole Chelsea used in selling a hotel to an associated company. Author：Sports UEFA.Please indicate the source when reproduced：https://www.sportsuefa.com/football-world/the-premier-league-will-vote-again-to-avoid-a-repeat-of-the-loophole-chelsea-used-in-selling-a-hotel-to-an-associated-company.html
