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Chelsea's sale of their women's team to themselves - what does it mean?

What is going on with the ownership of Chelsea's women's team?

In April, it emerged Chelsea had sold the team to parent company BlueCo for £198.7m, a process that helped put the wider business into profit.

Then last week it was announced that Reddit founder Alexis Ohanian, who has a track record of supporting women's sport, had purchased an 8-10% stake for £20m.

The deal looks like both a clever move to navigate Profit and Sustainability Rules, and a fantastic boost to Chelsea's already incredibly successful and dominant team.

So, what is the background?