Premier League Keeps PSR Loophole After Failed Vote
Premier League Keeps PSR Loophole After Failed Vote

Premier League Keeps PSR Loophole After Failed Vote

News summary

The Premier League has not closed a loophole in its Profitability and Sustainability Rules (PSR) that allows clubs like Chelsea to sell assets such as hotels and their women's team to related companies, registering these as profits to comply with financial regulations. At the annual meeting, a proposal to ban such related-party transactions from PSR income was not put to a vote due to insufficient support, with many clubs opposing a rules change after Chelsea had already benefited. The loophole remains open, permitting similar asset sales at fair market value, though UEFA does not recognize these transactions for European financial compliance. Chelsea is in discussions with UEFA over a potential settlement for breaching European financial rules. The PSR system will stay unchanged for at least another season, continuing to limit spending for clubs like Manchester United, Newcastle, and Aston Villa. Additionally, Manchester City's ongoing legal challenge against other financial regulations has made clubs hesitant to overhaul the PSR framework.

Story Coverage
Bias Distribution
50% Right
Information Sources
bd68667e-abfe-4783-a143-3b1ae84b8232605a98c4-d25e-430b-86c1-9232b14faa6b
Left 50%
Right 50%
Coverage Details
Total News Sources
2
Left
1
Center
0
Right
1
Unrated
0
Last Updated
10 days ago
Bias Distribution
50% Right
Related News
Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News