Chelsea football club sells Cobham training ground amid financial struggles
Chelsea Football Club has reportedly sold their prestigious Cobham Training Ground in a strategic move to navigate their financial challenges.
Amid concerns over their compliance with Profit and Sustainability Rules (PSR), Chelsea has taken decisive action to alleviate their financial woes.
Having invested over €1 billion in transfer fees under the ownership of Todd Boehly since 2022, Chelsea’s lavish spending has not translated into on-field success.
Stefan Borson, Manchester City’s former finance advisor, claims that Chelsea “have attempted to sell (or have actually sold) their Cobham Training Ground to themselves (ie intra-group.)”
“Their lawyers applied to register this dealing in early February (after the window creaked shut),” he revealed on X.
“So Chelsea’s 23/24 PSR confidence appears to be based on this intra-group accounting profit to outweigh the expected £200m+ operating loss.”
Borson posted an application inquiry made in February and asked a few questions about it.
He stated: “Has it been approved by the PL? Is there really over £100m-150m FMV profit to be had from Cobham? And was the property validly held anyway because Chelsea Training Ground Limited was dissolved in 2015 giving rise to a potential bona vacantia issue? Other sales too?”
With disappointing finishes in recent seasons and significant financial losses, the club found itself under scrutiny for its financial management.
Facing the looming deadline of June 30 to meet PSR requirements, Chelsea’s decision to offload the Cobham Training Ground raises eyebrows.
The sale comes at a critical juncture, following reports of the club’s confidence in avoiding further player sales to balance their books.
Speculation mounts as to whether this move is a calculated maneuver to circumvent financial regulations while maintaining their competitive edge on the field.
As Chelsea prepares for their upcoming fixtures against Brighton and Bournemouth, the sale of Cobham adds another layer of intrigue to their financial saga.
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