The Premier League has cleared Chelsea's £76.5 million sale of two hotels to a sister company in a deal that aids their compliance with the Profit and Sustainability Regulations (PSR).

 In April, the club announced that they needed to sell the Millennium and Copthorne hotels, located next to Stamford Bridge, to avoid a £166.4 million loss and reduce it to an allowable £89.9 million for the financial year.

The two hotels were transferred from Chelsea FC Holding Ltd to Blueco 22 Properties Ltd, which is under Todd Boehly and Clearlake Capital Limited.

According to Premier League financial rules, clubs are allowed to make a maximum loss of £105 million over three consecutive years. Certain costs, including infrastructure sales and investments in women's football, are exempt from this limit.

Therefore, Chelsea managed to comply with the regulations, as the sales were deemed to be at fair market value and the rule does not apply to the Champions League, in which they are not participating.