Chelsea are once again under UEFA’s financial microscope – this time over the £200m sale of their women’s team. The transaction, which was intended to help balance the books under Financial Fair Play (FFP), has reportedly not been approved by UEFA as part of the club’s financial calculations.

According to recent reports, Chelsea are in ongoing discussions with UEFA over the matter and have already submitted a long-term sustainability plan. Encouragingly, talks between both parties are described as “positive and collaborative”, suggesting a resolution could be reached without major sanctions.

The crux of the issue lies in UEFA’s refusal to count the women’s team sale towards Chelsea’s financial break-even requirements. Under current UEFA rules, clubs are permitted to lose no more than €200 million over a three-year cycle. By excluding the £200m sale, Chelsea’s figures become less favourable – potentially pushing them into dangerous financial territory.

The threat of a fine or even a European competition ban looms, but for now, Chelsea’s ownership, led by Todd Boehly and Clearlake Capital, remain calm. Sources suggest the owners are prioritising maintaining a strong working relationship with UEFA, which is crucial in navigating future financial oversight.

A fine appears the most likely outcome, along with an agreed spending cap for the next three seasons. UEFA typically reserves bans for repeat offenders or clubs that show negligence in correcting their financial practices – something Chelsea are reportedly eager to avoid.

This situation serves as a reminder of how difficult it can be to comply with UEFA’s evolving financial rules, especially when exceptional transactions – like selling an entire women’s team – come into play. Chelsea’s case may even set a precedent, as few clubs have attempted such a move before.

For Blues fans, the hope is that this matter will be resolved swiftly and without further disruption. With the club rebuilding under Enzo Maresca and aiming to return to the top of European football, avoiding any bans is critical.

Keep an eye on this – it could shape Chelsea’s transfer business and squad-building strategy for years to come.