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Chelsea’s £76.5m hotel deals raise questions over PSR compliance
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 rules (PSR).Chelsea’s accounts, published last weekend, revealed the club made a loss of £89.9m in the last financial year. That...
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Cruise operator Viking raises $1.5 billion in year’s largest IPO
Although the IPO market has been heating up, the upcoming election could reduce the number of public offerings seen before 2025.
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Utah allocates $5.5M to fund 60 projects aimed at helping wildlife recover
ST. GEORGE — A total of $5.5 million was allocated to dozens of wildlife-related projects at the recent annual Utah Division of Wildlife Resources Endangered Species Mitigation Fund meeting on April 23. The Endangered Species Mitigation Fund was created in 1997 to direct funds toward species and projects that will proactively help to prevent Endangered Species […]