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For fans of Newcastle United and Chelsea, the Premier League’s PSR system continues to dominate the conversation – perhaps more so than starting XIs and new signings. Many are mystified as to how Chelsea have avoided a breach. The West London club are reportedly under investigation by the Premier League, but relating to alleged offences that pre-date the Todd Boehly era. To date, the party line appears to be that intra-group property sales and other workarounds have kept Chelsea afloat in terms of PSR. Their £75m net spend this summer certainly suggests that they are confident that they have n…

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