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Former Everton CEO Keith Wyness believes Man City will be keeping tabs on Chelsea and the reaction to their £77million PSR loophole., the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – explained that City’s 115 charges also include alleged breaches of related party deals.
Chelsea have appeared to loophole Profit and Sustainability Rules in their 2022-23 accounts by selling two hotels to a sister company for a total of £76.5million. an investigation is still ongoing over the sales with the Premier League yet to declare the deal “fair market value” City face 115 charges of financial regulations – some of which include alleged breaches of related party deals similar to the Chelsea investigation.I’m very surprised that the Premier League hasn’t come out and said, yes, this is an approved transaction,Related party transactions are pretty strange and that is what seems to be most of the issues relating to Manchester City.
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