The two hotels located at Stamford Bridge have received approval from the Premier League for their sale by Chelsea’s owners to an associated company.
In June 2023, Chelsea FC Holdings Ltd sold the Millennium and Copthorne hotels to BlueCo 22 Properties Ltd. Both companies are ultimately under the ownership of Chelsea’s holding company, BlueCo 22 Ltd.
This £76.5m transaction resulted in a loss of £89.9m for Chelsea in their 2022/23 accounts, rather than the anticipated £166.4m.
The financial regulations set by the Premier League allow clubs to incur a maximum loss of £105m over a rolling three-year period.
The sale has been approved due to the deemed fair market value of the deal.
Chelsea is confident in its ability to continue adhering to the financial regulations of the Premier League.
During this summer, Chelsea emerged as significant spenders in the Premier League, investing a total of £202.6m. Approximately half of this amount was allocated to the acquisition of Pedro Neto (£54m) and Joao Felix (£46.3m).
Manchester United (£205.9m) and Brighton (£192m) also featured prominently in the expenditure rankings, alongside Chelsea, who have also secured agreements for the signings of Willian Estevao (£29.1m) and Mike Penders (£17m) for the upcoming summer.
Furthermore, Chelsea topped the table for income generated through player sales, with a staggering £172.3m flowing into the club.
Manchester City trailed behind Chelsea, securing £146.9m from player sales, with a significant boost from Atletico Madrid’s £82m acquisition of Julian Alvarez.
Ultimately, Chelsea concluded the summer transfer window with a net expenditure of just over £30m.
