Premier League chief Richard Masters hints free-spending Chelsea will have to SELL players this summer to avoid breaching financial rules… after Todd Boehly splashed out £600m on new signings this season
- Chelsea have a bloated squad after spending £600m on new players this season
- Premier League chief Richard Masters has addressed Chelsea’s spending
- He hinted they would have to sell players to avoid breaching financial rules
Premier League chief executive Richard Masters has suggested Chelsea will have to sell players to balance their books after spending £600million on new signings this season.
The Blues splashed out £323m in the January transfer window on the likes of Enzo Fernandez, Mykhailo Mudryk and Benoit Badiashile.
That followed American owner Todd Boehly sanctioning the big money purchases of Wesley Fofana, Marc Cucurella and Raheem Sterling last summer.
The influx of eight new players during January has already caused issues for Graham Potter, with Sportsmail reporting his fears training session are being undermined by a bloated 31-man squad.
Masters addressed Boehly and Chelsea’s transfer policy at the Financial Times Business of Football Summit, hinting players will have to be sold to remain on the right side of financial rules.
Chelsea have spent over £600m on new players under owner Todd Boehly this season
Premier League chief Richard Masters hinted that Chelsea would need to sell players to balance and the books and so that they can avoid breaching financial fair play rules
‘I am not here to defend them. The new owners have owned the club for less than a year, they’ve had two transfer windows. You need to judge the football club after three or four years,’ he said.
‘They might have bought, they would argue probably they have a different transfer policy to the previous regime – younger players, longer contracts and lower wages.
‘Obviously within our rules, it is a test over a 12-month period so the question is whether they are going to sell some of their existing players in the next window.
‘I don’t have the answer to that question, I’m certainly not here to defend them but you have to judge these things over a period of time.’
Chelsea sit 10th in the Premier League standings, have lost their last three matches and are winless in six as they struggle to gain any momentum under Potter.
Sportsmail reported last month that Chelsea are planning to seek an exemption from the Premier League’s spending rules when they submit their accounts at the end of the season.
Chelsea signed eight players in January including Enzo Fernandez (L) and Mykhailo Mudryk
There are fears training at Chelsea has been undermined by a bloated 31-man squad
They argue they were unable to receive income for three months last year because former owner Roman Abramovich was under sanction by the Government following Russia’s invasion of Ukraine.
Under Premier League rules, clubs are permitted to lose £105million over any three-year period and the situation that preceded the change of ownership puts Chelsea at risk of a breach.
Chelsea recorded losses of £153.4million in their most recent accounts for the year ending 2021 but, along with other top-flight clubs, they were given allowances by the Premier League due to the impact on the Covid-19 pandemic on their finances.
Another issue is falling foul of UEFA’s new Financial Fair Play rules, with Sportsmail reporting they could be penalised if they don’t shrink the wage bill and raise £150m to £200m through player sales.
The new UEFA FFP rules dictate that, from next season, the amount a club spends on net player acquisitions (spending minus income), plus wages, plus agents fees, must not exceed 90 per cent of any club’s income.
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