Overview

• Clubs blocked a vote on changing fixed asset rules, falling short of the 14-vote threshold required to close the sister-company loophole.
• Chelsea’s sale of its women’s team for about £200 million and two hotels for £70.5 million has underpinned its PSR compliance.
• Under existing PSR rules, related-party asset sales at fair market value can still be counted towards profitability targets.
• Losses remain capped at £105 million over three seasons, with exemptions for infrastructure, youth development and women’s football spending.
• Manchester City’s challenge to the Associated Party Transaction rules is ongoing, with an arbitration hearing scheduled for October 2025.