Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 3

Chelsea new owner has indeed spent a significant amount of money

[Copy link]

237

Threads

1017

Posts

8112

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
8112
Post time 14-9-2023 12:32:32 | Show all posts |Read mode
Edited by Indra55 at 2023-9-15 11:16

In the past two seasons, Chelsea has indeed spent a substantial amount of money to strengthen its squad. However, many people may not have a clear idea of just how much money Chelsea has spent, aside from knowing it's a lot. Recently, someone compiled the total spending by Chelsea over the past year and a half, and the result is quite astonishing. Chelsea has spent a total of €934 million since the start of the 2022 season.

To put this in perspective, the spending by Chelsea alone exceeds the total spending of La Liga, which includes clubs like Real Madrid, Barcelona, and Atletico Madrid, which spent €893 million during the same period. Chelsea, as a single club, has outspent the entire La Liga, showcasing the club's financial prowess.

Chelsea's primary signing strategy revolves around acquiring young and promising players. They are willing to pay higher prices in the market for players aged between 21 and 24. For example, their record winter signing, Enzo, cost €121 million, and other significant transfers include Wesley Fofana (€80.4 million), and Marc Cucurella (€65.3 million). These players fit the profile Chelsea is targeting.

You might wonder whether Chelsea's massive spending violates Financial Fair Play (FFP) regulations. Despite their significant expenditure, Chelsea signs players to contracts lasting over 8 years, which is longer than usual in football. Most clubs sign players to 5-year contracts. The advantage for Chelsea in signing long-term deals is that they can amortize the transfer fees over 8 years, reducing the annual financial burden and making it easier to pass financial audits. So, while Chelsea spends heavily, they also leverage certain rules to manage their finances.

However, Chelsea's substantial investments have raised concerns among other clubs, who argue that Financial Fair Play regulations are ineffective and not serving their intended purpose.

In addition, Chelsea's recent signing of Belgian talent, Roméo Lavia, for €80 million pushed their total spending beyond €1 billion, which is indeed a staggering amount.

This post contains more resources

You have to Login for download or view attachment(s). No Account? Register

x
Reply

Use magic Report

98

Threads

56

Posts

1661

Credits

Gold membership

Rank: 6Rank: 6

Credits
1661
Post time 14-9-2023 15:16:50 | Show all posts
Having money, you still need to see if the boss dares to spend it or not.
Reply

Use magic Report

154

Threads

816

Posts

5169

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
5169
Post time 14-9-2023 16:12:03 | Show all posts
Abu can only be described as having true love for Chelsea; he's willing to give up anything for the good of the club.
Reply

Use magic Report

33

Threads

874

Posts

3909

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
3909
Post time 14-9-2023 16:24:10 | Show all posts
Boehly is currently using the money left behind by Abramovich because his assets were frozen due to the Russia-Ukraine conflict. Boehly managed to acquire Chelsea for just £2.3 billion, a price significantly below the market value. Additionally, Abramovich forgave Chelsea's £1.5 billion debt to him. However, the successor is required to invest this money in the market for player acquisitions within a certain timeframe. So, over the past year, we can see that Boehly has also spent a substantial amount of money. Without using his own funds, he can spend freely, gaining a good reputation and garnering support from Chelsea fans worldwide.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list