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Chelsea's owners sold a hotel on the Stamford Bridge site to another company they own to avoid breaching Premier League spending rules, sparking outrage online.

The consortium led by Todd Boehly and Clearlake Capital, which bought the club in May 2022, offloaded two hotels near the ground and generated £75.6million income.

The bombshell disclosure was made in the club's accounts, released today, which revealed that they lost £248.5m over the financial year ending June of last year.

These staggering losses were reduced to £90.1m after taxation when the hotel sales and other adjustments were taken into consideration, the club stated. 

According to The Telegraph, the income from the lucrative sale of the two properties would crucially be compliant with Profit and Sustainability Rules.