Stefan Borson: Chelsea to be hit by crushing financial blow after dramatic twist revealed

Chelsea are likely to see the loopholes they have exploited to avoid a potential profit and sustainability (PSR) breach closed by the Premier League.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the governing body could look to make its new proposal more closely aligned to the current UEFA rules.

The west Londoners sold two Stamford Bridge hotels to a sister company last year for a total of £76.5million to offset their major losses.

Chelsea posted a loss of £90million in the 2022-23 financial year alone, with the PSR rules stating top-flight clubs can lose a maximum of £105million over a rolling three-year period.

The Premier League proposed to close the loophole at its annual general meeting in June, but it was left two votes short after only 11 clubs backed the motion.

The Times reported on 5 August the governing body is now considering a fresh bid to change the rules and could ask clubs to vote on its new proposal as early as next month.

Premier League likely to succeed in new bid to close Chelsea loopholes

Borson revealed the new motion will likely be more focused on football profits as opposed to profits generated from non-football-related assets.

“I think they just made a mistake last time in terms of the way that they drafted it,” Borson told Football Insider.

“It sounds like what happened is they put it to the June annual general meeting and they had a lot of support for changing the rules, but not quite enough to get it all the way over the line and they fell just short.

“I think that’s probably because they went a bit too far with some of the drafting.

“I would think they will come back with something that’s a bit closer to the UEFA rules because those are the things that clubs should already have in mind and they will probably get something through the next time that they meet.

“It will likely be some kind of change that will close at least some of those loopholes and make it a bit more focused on football profits as opposed to profits related to non-footballing assets around the table.”

In other news, Chelsea to complete A-list striker signing after deal agreed.

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