The inside track on the football stories that matter
, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed the Blues could breach European financial rules after their lavish recent transfer spending.Chelsea may struggle to comply with Uefa’s allowable loss limit if they qualify for European football next season.
European financial regulations cap clubs to spending 80 percent of their revenue on wages and transfer fees next season, and also only allow clubs to lose a maximum of £51million over three seasons. It is also uncertain whether their £77million intra-company sale of two club hotels will qualify as an allowable income stream in Uefa’s eyes.Chelsea are currently still in the fight for Europa League or Europa Conference League qualification as the end of the season on 19 May approaches.“Uefa are very clear in their regulations that you can’t use the proceeds from any sale of club assets, including stadiums and training grounds, to the club’s earnings if they are not of fair market value.
“I think Chelsea would definitely like to be in Europe next season to show progress, and also to attract the types of sponsors they are trying to attract.
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