Fixed Bug Failure British Media: Premier League vote against Chelsea used by the financial loophole failed

June 5 The Times reported that the Premier League's vote against Chelsea failed and the league's efforts to ban clubs from meeting the Profit and Sustainable Development Rules (PSR) by selling assets to affiliates have been declared a failure.

At the Premier League annual meeting, a proposal aimed at plugging loopholes in the rules did not even enter the voting process. The loophole previously allowed Chelsea to make profits by selling hotels and its own women's football team to affiliates. Sources revealed that due to the obvious lack of support on site, the proposal was not submitted for votes. According to regulations, such rules change will be approved by at least 14 of the 20 clubs.

A club executive told the Times that some clubs believe that modifying the rules at this time is tantamount to making up for the failure. Since Chelsea has benefited from it, other clubs should also enjoy equal rights. There are also clubs who are concerned that the new regulations will hinder them from selling property and other assets to non-affiliated parties to obtain profits.

The PSR rules will basically remain in the status quo next season. Although it was previously planned to replace PSR with a new cost control system, the clubs have decided in February to retain PSR for at least another year due to legal lawsuits filed by Manchester City against related party trading rules.

This means that the club's loss limit remains unchanged, with a maximum loss of £105 million in the three-year cycle, but the investment in infrastructure, youth training and women's football is not included. Clubs such as Manchester United, Newcastle United and Aston Villa have all said that PSR has limited their operating space in the transfer market.

Chelsea had previously sold the women's football team with a record of £200 million (the transaction value is yet to be approved by the Premier League) to affiliates for £200 million, and the transaction value has been yet to be approved by the Premier League. These transactions have helped the club meet PSR requirements in the past two seasons.

UEFA does not recognize the revenue generated from the sale of assets to affiliated companies, and Chelsea is negotiating with UEFA on a financial settlement due to violations of financial rules.