Premier League approves Chelsea’s £76m sale of two hotels to avoid PSR breach

The Premier League has cleared Chelsea in an investigation into the sale of two hotels to a company owned by the club's owner to comply with financial fair play rules.
Chelsea sold two hotels adjacent to Stamford Bridge to BlueCo, a company run by Todd Boehly, the club's owner, for £76 million. In doing so, Chelsea secured a reduction in annual losses from £166 million to £89 million. Under Premier League rules, a club cannot incur a loss of more than £105 million over three years.
This transaction was scrutinised by the Premier League as a sale to a sister company, so the value of the hotels could have been inflated and would not be ‘fair market’.
This kind of transaction, for example, is banned by UEFA, so Chelsea, if it is determined that the amount stipulated is not fair market, could face sanctions in European competitions.