Finance guru issues Chelsea FFP verdict as 'total reset' looms
Chelsea are unlikely to fall foul of Uefa’s Financial Fair Play directives given that the system is set to be overhauled.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the impact of the Blues’ heavy spending on their FFP status.
Chelsea have spent close to £170million on new recruits this summer, with only £40m worth of outgoings.
That gives the Londoners, who are under new ownership in the form of a consortium fronted by American billionaire Todd Boehly, among the highest net transfer spends in Europe.
That figure is expected to swell soon after Sky Sports reported on Monday (29 August) that 21-year-old defender Wesley Fofana is set to complete a £70million switch from Leicester City.
Everton’s Anthony Gordon meanwhile has also been linked with a big-money move.
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But Plumley does not believe that any FFP problems are likely to be encountered at Stanford Bridge because of Uefa’s move to a new revenue-based model ahead of the 2025-26 campaign.
“We are looking backwards to see their FFP position,” the Sheffield Hallam University expert told Football Insider’s Ada Williams.
“They made a profit in 2018 and 2020. Because of Covid, they are also allowed to average out two years into one, and that helps offset some of the losses.
“I think once you do that, you can get them in a position where they would assume most other clubs would be.
“These transfers will also go into the next set of accounts and then you also have to consider that these transfers will be amortised. So, it’s not all going to come out in one big hit.
“With the takeover, there wasn’t a sugar daddy approach, but there was £1.75bn ringfenced for investment over the next 10 years. They had that injection of equity and that is what is driving the investment in the transfer market.
“With FFP, they are readying a total reset n a few years anyway. Maybe they think they will be alright this time around and when the new FFP rules are introduced, they will be judged on a different.”