CLEARED! Chelsea hotel sales fit Prem financial laws

Chelsea's sale of their hotel fall inside the Premier League's financial rules.

Chelsea sold a hotel on the Stamford Bridge site to another company they own to avoid breaching Premier League spending rules.

The Blues offloaded two hotels near the stadium and generated £75.6m.

Chelsea's accounts were released today, revealing they lost £248.5m over the financial year ending June of last year.

But the losses were reduced to £90.1m after taxation when the hotel sales and other adjustments were taken into consideration.

And The Telegraph reports the income from the lucrative sale of the two hotels are allowed within the Profit and Sustainability Rules.

CLEARED! Chelsea hotel sales fit Prem financial laws

CLEARED! Chelsea hotel sales fit Prem financial laws

CLEARED! Chelsea hotel sales fit Prem financial laws

CLEARED! Chelsea hotel sales fit Prem financial laws

CLEARED! Chelsea hotel sales fit Prem financial laws