Chelsea are in talks with UEFA over a financial settlement after breaching the European governing body’s spending limits.

UEFA will not include the income Chelsea generated from selling its women’s team to a sister company — Blueco 22 Midco Ltd — for £200million in their assessment calculations.

Unlike the Premier League, UEFA does not allow for the sale of tangible assets to sister companies to count towards their Financial Fair Play (FFP) rules.

This means the two hotels — the…