The Premier League's attempt to address the loophole that allowed Chelsea to profit from selling assets to a sister company has been unsuccessful. The proposal to close this loophole, which involved selling hotels and the club's women's team, did not even make it to a vote during the league's annual meeting near Harrogate.

A consensus was lacking among clubs, some of which argued that altering the rules now would be akin to shutting the stable door after the horse had bolted, given that Chelsea had already benefited from the practice. Concerns were raised that changing the regulations could restrict clubs from earning revenue by selling assets to unrelated entities.

The Profitability and Sustainability Rules (PSR) will remain in effect without notable changes for the upcoming season, despite original plans for a new cost control system. Following a legal challenge by Manchester City regarding Associated Party Transaction rules, which is set for arbitration in October, clubs agreed to maintain the PSR for at least another year.

Chelsea notably sold their women's team to a sister company for a reported £200 million and two hotels for £70.5 million to meet PSR requirements over the past two seasons. However, the European governing body, UEFA, does not recognize the sale of assets to sister companies as income, leading to discussions between Chelsea and UEFA over potential financial penalties for breaching financial regulations.

The failed attempt to close the Chelsea PSR loophole received mixed reactions on social media platforms. While some fans questioned the fairness of the situation, others made comparisons with previous instances involving other clubs, such as Aston Villa.

The unresolved status of the PSR regulations and the implications for clubs like Chelsea highlight the ongoing challenges faced by the Premier League in ensuring financial stability and compliance across its member teams.