Chelsea to sign Kylian Mbappe? Kieran Maguire reacts to confirmed £140m news
The £140million share issue at Chelsea will not be put towards new signings such as Kylian Mbappe or Evan Ferguson.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the Blues will use the new cash to pay off instalments from previous transfer windows.
As revealed by Football Insider, Chelsea’s owners bankrolled a £140million injection in the form of a new share issue.
The Companies House submission can be backdated to 22 December, just days before the opening of the January transfer window.
Chelsea have spent heavily in each transfer window since Todd Boehly’s takeover of the club in 2022 with the London club spending over £1billion under the American.
However, Maguire believes Chelsea’s spending has caught up to them and they will use the new cash raised to pay transfer instalments.
“Chelsea have issued £140million worth of new shares but before fans start getting excited about the prospect of them signing Kylian Mbappe or Evan Ferguson, the timing should be noted,” Maguire told Football Insider’s Sean Fisher.
“This share issue in January also coincides with the anniversary of the club’s significant level of expenditure in the January 2023 market.
“Given that deals these days are always on an instalment basis, Chelsea will have significant payments due in January 2024.
“They signed players such as Enzo Fernandes, Mykhailo Mudryk and others all included in a wild spending spree.
“Therefore, I suspect a lot of the money will have to go on those transfer instalments.
“The remainder will be allocated to paying the day-to-day running costs of the club, including its very significant wage bill.“
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