Why Chelsea could still be in hot water over internal sale of women's team after posting profit of almost £200m - explained

Per The Times, the sale to BlueCo, in a deal that valued the club at £150 million ($195m), has yet to be approved by the league as being of fair market value. The report states that has yet to happen despite Chelsea reporting in their annual accounts that they made a profit of just under £200m ($258m) due to the sale.

The Premier League could still sanction Chelsea due to PSR regulations if they deem the value of the women's team has been artificially inflated. The report quotes two financial experts, Christina Philippou and Kieran Maguire, who both claim that the women's team should have been valued at a much lower fee. Philppou estimated a maximum of £80m ($103m) for the valuation, while Maguire said a maximum of £30m ($39m). The most valuable women's team in the world is Angel City FC in the USA, which sold for £190m ($250m) in September.

The Premier League have previously ratified similar sales, although they did request that Chelsea revalue two hotels that were sold to a sister company last year. They did eventually allow the sale, which, in turn, allowed Chelsea to comply with PSR.

The Blues play Tottenham on Thursday at Stamford Bridge. The women's team are next in action on Saturday in an FA Cup semi-final against Liverpool.