Chelsea find loophole to report pre-tax profit and rival fans will be angry – but it’s all within the rules | OneFootball

Chelsea’s owners have found a loophole and have been able to report a pre-tax profit in their finances this year, which will anger many.

But by doing this, they will comply with PSR rules and also set themselves up for more summer transfer spending!

Chelsea are going to be busy in the upcoming transfer window and they will have a number of deals they will look to be pulling off both outgoing and incoming.

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We have been hearing about a host of names that Chelsea could go for in the market again at the end of the season, and the name of Rafa Leao is one creeping back in again, with Chelsea being linked to him a number of times over the years.

Chelsea of course have already completed the deals to sign two players from Sporting, with one of them arriving this summer and the other the following summer. Apparently, Chelsea felt pressure from other top clubs so that’s why they got the deals for Geovany Quenda and Dario Essugo done early in some pre-deals.

Recording profits

Todd Boehly and Behdad Eghbali pondering at Chelsea game

Chelsea have reported a pre-tax profit of £128.4m in their financial results for the year ending June 2024.

Chelsea have effectively sold the Women’s team to their own parent company, avoiding a £90m loss and turning it into £128m profit, in what has been a smart loophole found.

The BBC report that Chelsea credited the profit to the “disposal of player registrations” worth £152.5m and the “repositioning” of their highly successful women’s team.

Chelsea announced a restructuring and a long-term strategic plan for the women’s team in May 2024 which saw them sold to become a standalone business from the men’s side while remaining a part of the club owners’ wider portfolio.

Rival fans might be angry about this but it’s all within the rules. So if you’re angry, be angry with those who made the rules, not those who have been smart enough to get around them!