MANCHESTER, England : Languishing well below their usual league position and with Financial Fair Play regulators watching on intently, Chelsea got creative with their lavish January transfer spending, an outlay that gives coach Graham Potter the ultimate selection headache.Premier League soccer clubs spen
MANCHESTER, England : Languishing well below their usual league position and with Financial Fair Play regulators watching on intently, Chelsea got creative with their lavish January transfer spending, an outlay that gives coach Graham Potter the ultimate selection headache.
Such outlay has left many questioning how, when under Premier League FFP rules clubs are allowed to lose 105m pounds over a rolling three-year period, and UEFA rules only allow a 53m pound loss over a three-year period, Chelsea could spend so big. Such uncharacteristically long contracts enable Chelsea to"amortise" the cost of the transfers over the length of the deal. On the balance sheet, Fernandez's 106.8m pounds can be spread across eight-and-a-half years.
"But now it's converted into a competition that has losses all year. All clubs lose money. There is no sustainability in the Premier League. The Premier League is not a financially sustainable model." The former Brighton & Hove Albion manager went unbeaten in his first nine games in charge as he looked to have resurrected the Blues' season, but seven defeats in 12 in all competitions since has left the 2021 Champions League winners 10th in the league standings.
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