‘Hedge fund with shin pads’ – Chelsea sell women’s team to THEMSELVES in loophole to dodge PSR punishment

CHELSEA have sold their women’s team to THEMSELVES in a loophole to dodge PSR punishment.

The Blues today announced profits of £128.4million before tax – a huge increase on last year’s loss of £90.1m.

Chelsea have sold their women's team to themselves to avoid PSR punishment

It means they will go another year without being hit by any PSR sanctions after splashing over £1.2billion on new signings.

THIS IS A DEVELOPING STORY..