Under the current PSR, clubs have been allowed to sell fixed assets (like hotels or even their women’s teams) to related companies (i.e., companies connected to the same owner) and count that as revenue.

These related-party sales must be done at a “fair market value,” but clubs argue they can use this to meet PSR targets.

A high-profile case: Chelsea sold two hotels near Stamford Bridge to a company linked to its owners, and also transferred its women’s team to a parent-related company