Chelsea could face trouble over Women's team sale after reporting £128m profit

Chelsea could find themselves in trouble over Women’s Team sale to the club’s parent company BlueCo, the Consortium led by Chelsea co-owner Todd Boehly.

The sale of their women’s team to the club’s parent company has yet to receive full approval by the Premier League, a new report has claimed.

The internal sale of the women’s team after posting a profit of almost £200m before tax is reported to have saved the London side from preaching the Profit and Sustainability Rules(PSR) of the Premier League.

According to The Times, the sale to BlueCo, in a deal that valued the club at £150m, has yet to be approved by the league as being of fair market value.

The report states that the process is still in the pipeline – yet to happen, despite Chelsea reporting in their annual accounts that they made a profit of just under £128.4m or more due to the sale.

There are prospects of possible sanctions by the Premier League to Chelsea should the PSR regulations deem the value of the women’s team as artificially inflated.

The report quotes two financial experts, Christina Philippou and Kieran Maguire, who both have the opinion that the women’s team should have been valued at a much lower fee.

Philppou estimated a maximum of £80m for the valuation, while Maguire claimed a maximum of £30m would have been enough realistic figure for the sale.

The most valuable women’s team in the world is Los Angeles-based Angel City FC in the USA, which was sold for £190m in September to a group including Willow Bay and Bob Iger, the former CEO of Disney.

Chelsea has already seen a similar sale going through successfully and was ratified by the Premier League.

Although they did request that Chelsea revalue two hotels that were sold to a sister company last year. They did eventually allow the sale, which, in turn, allowed Chelsea to comply with PSR.

Indeed, the new owners are very optimistic about this deal, with the hope of getting it over the line and helping them to stay under the financial radar.