Kieran Maguire gives Chelsea the thumbs-up after source’s £400m reveal
Transfer business at Chelsea since Todd Boehly’s takeover of the club has been like ‘wildfire’.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that fresh investment would be better spent on the development of Stamford Bridge.
As reported by Bloomberg, the Blues are looking for new investors with the club aiming to raise as much as £395million.
Football Insider revealed on Friday (4 August) that Chelsea plan to begin their redevelopment of Stamford Bridge once fresh investment is secured.
It has been reported that US investment group Ares Management have shown an interest in Chelsea after also offering to invest in Manchester United earlier this year.
Maguire believes Stamford Bridge investment is a far better long-term project for the club rather than growing their transfer spend further under Boehly.
The American took charge of the London club following his £2.5bn takeover last year, and the club spent £600million over both transfer windows last season.
Spending has continued this summer, with the likes of Christopher Nkunku, Nicolas Jackson and Axel Disasi joining Mauricio Pochettino’s squad in big-money deals.
“A good business matches long-term spending with long-term financing,” Maguire told Football Insider’s Sean Fisher.
“So if this £395million project is part of the overall development of Stamford Bridge then we can be more relaxed.
“It would be far more concerning if it was to be solely spent on players.
“Chelsea’s strategy for recruitment so far under Todd Boehly does appear to be a bit like wildfire.“
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