Chelsea’s Excessive Spending and Financial Fair Play Controversy Under Todd Boehly’s Ownership

Since Todd Boehly took over Chelsea, the blues have done nothing but sign and spend. At any cost, too. In addition to breaking the record number of a transfer in the history of the Premier League in two consecutive markets with the arrivals of Enzo Fernández and Moisés Caicedo, the investment of the London team since the summer of 2022, the first transfer window with the American magnate to front, has shot up to over 1,000 million euros.

During this journey, the Chelsea co-owner has had his “tricks” to continue spending without anyone stopping them, but as football agent Jon Smith states in the media Caught Offside“trying to circumvent the rules in any way is not sustainable.”

It has been known for months that the Stamford Bridge team found in the contracts of its new additions a way to amortize expenses and avoid UEFA’s Financial Fair Play. As they explain in said medium, the blues “sign player A because he is a good player and they are willing to pay 100 million pounds for him. They say: ‘Player A, you’re going to be here eight years, which means the £100m pays off over eight years, instead of four or five on a normal contract.’ The problem is that the highest body of European football does not live with its back to reality and has already taken action on the matter.

Last January it was announced that “Chelsea and other European clubs will no longer be able to spread the price of a transfer over more than five years of a player’s initial contract”, due to the inclusion of a new regulation by UEFA. And it is that, after the signing of Moisés Caicedo, there are 22 players who have signed contracts of seven or eight years since Todd Boehly took over the club.

In an exclusive information published by the Daily Mail last August he added that “UEFA’s new five-year limit will not apply to any Chelsea transfer until next summer at the earliest, when the Premier League is expected to introduce similar regulations.” That is why the blue strategy could falter sooner rather than later, and with it its economy.

2023-09-05 09:03:40
#Fair #Play #harasses #Chelsea