10 h. ago Why Chelsea owners' smart idea to avoid PSR breach will spell future trouble

Chelsea announced pre-tax profit of £128.4m thanks to decision to sell women's team to club's parent company but such tricks cannot be repeated in face of big transfer bills

Events

29 h. ago Chelsea report £128.4m profit after selling women’s side to themselves

Club turn last year’s pre-tax loss into pre-tax profitMove scrutinised over rules around fair market valueChelsea appear to have complied with the Premier League’s profitability and sustainability rules (PSR) through player sales by selling the women’s team to the club’s parent company. Chelsea announced they had turned last year’s pre-tax loss of £90.1m into a pre-tax profit of £128.4m for the financial year ending 30 June 2024.The results were filed at Companies House by Chelsea FC Holdings Limited and represent a significant shift after heavy losses under the ownership of Clearlake Capital and Todd Boehly in previous years. Continue reading...

Economics

5 d. ago Conman bought yacht and supercars with £8.5m profits of selling homes he did not own

Anopkumar Maudhoo made millions selling homes and land he did not own in London, Hertfordshire, and Essex

Economics

9 d. ago Lewis Hamilton made huge profit after selling luxury New York penthouse for £38million

Over his seven-time Drivers’ Championship-winning career, Lewis Hamilton has invested his winnings in a number of properties and flipped this Tribeca penthouse in 2021 for millions

Economics

2 w. ago HMRC sending nudge letters to Brits who make money by selling things online

In the letters, HMRC informs people that they're likely to be trading if they buy or make goods to sell at a profit, which means they may have to pay tax on those profits

Politics

2 w. ago Short sellers make $16bn profit from Tesla’s share price plunge

Payday follows years of pain for hedge funds that bet against Elon Musk’s electric carmaker

Economics

2 w. ago The best time to sell your home for a profit this year is right around the corner

The best time to sell your house, and make a profit, is just around the corner.

Politics

3 w. ago Insurance giant rewards thousands of staff with £3,600 worth of shares after bumper year

The company, which sells car, home, travel and pet insurance, saw its pre-tax profit nearly double last year, driven by an increase in the number of customers and the amount generated in turnover

Economics

3 w. ago I bought 239 Land Rover Defenders before production ended in 2016 and made millions selling them at profit

Charles Fawcett exclusively reveals he still has a few 'brand new' Defenders locked away, describing them as 'better than money in the bank'.

Economics