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Chelsea’s sleight of hand to avoid FFP pitfalls

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The sleight of hand used by Chelsea to ensure that they complied with the Premier League’s profitability and sustainability rules have been revealed.

They exploited a loophole in the rules to ensure that the sale of two hotels and a Stamford car park which were owned by one company were transferred to another, in the process conhjuring almost ₤77 million of income in the process.

As a result, they are less likely to breach the threshold for allowable losses, and the imperative to sell players before the end of June has diminished.

That, in turn, means that fears of a fire sale – with players being sold below market value – have also receded.

As a consequence, the club now has more breathing room in the summer transfer window, which is complicated anyway by so many players being away with their countries and the Copa América, and it also means that any losses can be pushed into the next financial year when the allowable celing will be higher.

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