The stadium loophole which saw Chelsea raise millions in revenue

FootballBusiness & Finance
14 Apr 2026 • 2:32 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

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  • Chelsea generated almost £12m in revenue by selling Kingsmeadow stadium to their women's team during the year ending June 2025.
  • The club previously sold the women's team to a subsidiary company, Blueco Midco, in 2024 for nearly £200m, contributing to a £128.4m profit in that year's accounts.
  • Despite announcing record pre-tax losses of £262.4m for the year ending 30 June 2025, Chelsea were found compliant with the Premier League's profitability and sustainability rules (PSR).
  • A £22.6m payment from Chelsea FC Women to Chelsea FC Holdings included the Kingsmeadow sale, which was independently valued and approved by the Premier League under associated party transaction rules.
  • Premier League rules allow clubs to add back losses for spending on infrastructure, youth, and women's football, helping Chelsea meet the £105m over three years loss limit.

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