Finance guru: Chelsea have FFP problem after Todd Boehly confession
Todd Boehly is correct to highlight Financial Fair Play considerations and temper Chelsea fans’ expectations going into the summer transfer window.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the new owner’s comments regarding the Blues’ recruitment ambitions.
A consortium fronted by American billionaire Boehly completed a £4.25billion deal to acquire Chelsea last month (28 May), ending Roman Abramovich’s premiership at Stanford Bridge.
Abramovich’s 20-year reign was characterised by silverware and a free-spending approach in the transfer market.
But, as quoted by ESPN last Friday (17 June), Boehly admitted that FFP means Chelsea will no longer be able to sign players “at any price”.
Plumley explained how the West London side’s revenue has fallen behind the likes of Liverpool and both Manchester clubs, with a knock-on effect on their standing under profit and sustainability rules.
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“I think the principle of what he is saying is correct,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“Because of FFP, you can’t just throw money at things anymore. Every player has a price but it has to be a realistic price.
“If we look at Chelsea in terms of revenue, they are sitting behind City, Liverpool, United. City and Liverpool are the benchmark for on-pitch performance.
“If we factor in the new FFP system, which is based on wages to turnover, if they are X million behind in terms of revenue then that’s the gap they have to close.
“I still expect them to spend. But the new owner is quite right in relation to FFP and we also have to context that with Chelsea being behind City and Liverpool at the moment.”
It has been widely reported on Monday (20 June) that Bruce Buck is set to step down as Chelsea chairman.
Marina Granovskaia, transfer guru and fellow Abramovich ally, is also understood to be on the way out.