News

Despite spending 1 billion euros, Chelsea needs to pay this to avoid breaching

Chelsea are close to breach FFP rules if they don't raise a certain amount by the summer.

By Emmanuel Mendez

Chelsea need to raise money before July to avoid breaching FFP rules.
Chelsea need to raise money before July to avoid breaching FFP rules.
Síguenos enSíguenos en Google News

Chelsea has spent over 1 billion euros since the takeover of American businessman Todd Boehly and Clearlake Capital. Chelsea has bought players at expensive transfer fees like Enzo Fernandez and Moises Caicedo. More players came in the summer, like Nicolas Jackson and Cole Palmer.

Related News: Chelsea attack gets slimmer as they make last minute business in transfer window

Despite the many young signings, the team has not delivered on the pitch. After losing 4-1 to Liverpool in their last Premier League game, Chelsea sit 10th in the table with 31 points. Last season, the team finished 12th with 44 points. Chelsea are 12 points below 4th place Tottenham Hotspur in the Premier League table. Chelsea have nine wins, four draws, and nine defeats. Chelsea are still in the FA Cup after drawing 0-0 against Aston Villa; both will have a replay next week. They will play in the EFL Cup final against Liverpool later this month as well.

Chelsea will need to win these two trophies and qualify for the Champions League next season to generate money. Although they did spend over a billion in transfers over the past few transfer windows, the club is close to breaching Financial Fair Play rules unless they make sales this summer.

Related News: Not only Barca to Real Madrid, Chelsea claims robbery during game vs Liverpool

Chelsea needs to raise at least 100 million euros by the end of June to avoid breaching FFP rules.

Chelsea's recent transfer activity could see them penalized ever further if they have broken financial rules, with the club not allowed to make a loss of more than £105m over three years.

Chelsea needs money to pay off dues of 100 million euros. Depending on qualifying for the Champions League or winning both the FA Cup and the EFL Cup will be a hard task. Chelsea were considering selling homegrown talent like Conor Gallagher to Spurs but were asking for a fee of around 50-70 million euros. Homegrown talent at Chelsea means profit to them, so they could look at selling players like Gallagher in the summer.


More news