Hey guys! I mean, things are moving rapidly, especially from the hotel side of it! But, on the football side, what exactly are the “PSR rules”? Let’s find out!
What Are PSR Rules?
Suppose you were playing a game with fair-play rules. There are rules for football clubs. PSR stands for Profit and Sustainability Regulations. In other words, they forbid clubs from spending far beyond their income. They must prove that they earn enough to afford their running cost. The sanctions include a concept that if the clubs do not comply with the PSR regulations, there a even be the deduction of points!
Sales of Chelsea Hotels
The owners have today disposed of several hotels. Now, you might ask, why would a football club ever go into the business of selling hotels? Well, all is formal money-making. When Chelsea sells a hotel, they get hold of money, and that money will help with keeping records to prove that they are within the PSR limits-even cash to help with a particular expense!
Why Does This Matter?
Selling these hotels and making some money out of it helps Chelsea in two ways. First, it helps them abide by PSR rules. Second, the money can be used to acquire some players or pay players’ salaries, as well as to improve their stadium. All of this goes towards running a big football club!
PSR Rules in Focus
Now, there’s the question! The authors of the PSR, who are supposed to ensure that the rules are enforced, will be looking into Chelsea’s hotel deals. They will want these deals to be proved fair, and not some thinly veiled ruse to allow Chelsea to circumvent the rules. Picture a detective scouring through everything to make sure it is all right, fair, and just.
Authors Opinion
That depends; waiting to see what the footballing authorities decide is a must. All the details surrounding the sale of the hotels by Chelsea will be studied closely, and then a decision on the case will be made independently by them. Sort of like waiting for the verdict after a big trial!
