Chelsea Football Club has reportedly sold its women’s team to its parent company, Blueco 22 Midco Ltd, for over £150 million, a move that could see the club in breach of UEFA’s financial regulations.

The sale played a significant role in helping the club report a net profit of £129.6 million for the 2023/24 season.

This impressive financial result was largely driven by increased revenue from player sales and the “repositioning” of the women’s team. In addition to this, the financial report revealed £198.7 million in income from the sale of subsidiaries.

According to The Times, Chelsea sold several of its subsidiaries, including the women’s team, to Blueco 22 Midco Ltd on June 28, 2024—just two days before the end of the financial reporting period. The estimated value of Chelsea Women is believed to exceed £150 million.

While the transaction helped Chelsea’s finances, it raises concerns about compliance with UEFA’s financial regulations. UEFA’s rules prohibit clubs from counting revenue generated from selling assets to their own subsidiaries. However, the Premier League’s regulations allow such transactions, which could mean the club is on safer ground domestically.

This development adds a layer of controversy to Chelsea’s financial dealings and raises questions about the club’s adherence to UEFA’s strict rules regarding financial fair play.