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Tuesday briefing: Premier League set to launch fresh bid to close ‘Chelsea hotel’ loophole

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6 August 2024 - 4:30 AM

The Premier League is considering a fresh bid to close a loophole that lets clubs use one-off profits from the sale of hotels, training grounds or other tangible assets in their PSR submissions, according to a report from The Times.

An attempt to close the loophole, which has allowed Chelsea to sell two hotels to a related company, enabling them to comply with the league’s financial rules, was narrowly defeated at its AGM in June.

Eleven of the 20 clubs voted in favour, short of t

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