Club’s losses reduced by property deal with sister companyChelsea would have lost £166.4m without hotel salesPremier League clubs reacted with exasperation after seeing that ­Chelsea eased their financial ­position with the £76.5m sale of two hotels to a ­sister company in a deal that appears to have helped the club avoid a breach of profitability and ­sustainability regulations.Chelsea’s accounts, published last weekend, revealed the club made a loss of £89.9m in the last financial year. That figure would have been £166.4m without the hotels sale from Chelsea FC Holdings Ltd to Blueco 22 Properties Ltd. Both companies are subsidiaries of Chelsea’s holding company, Blueco 22 Ltd. Continue reading...