Kieran Maguire makes ‘big’ Chelsea transfer prediction after major development
Chelsea and other Premier League clubs will continue to pay huge transfer fees for signings despite the new amortisation cap.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the only way to decrease transfer fee figures is by making clubs pay for new players within one year.
As revealed by The Athletic, Chelsea were one of 15 top-flight clubs to vote for the introduction of a five-year amortisation cap.
The new regulation means clubs will have to pay a player’s transfer fee within five years even if their contract goes beyond that.
Maguire previously told Football Insider that the Blues will make a gain of around £126million over their rivals thanks to the amortisation cap being introduced.
The five-year cap will not be backdated, meaning Chelsea can continue spreading costs for multiple players that were signed on eight-year deals.
Maguire explained that clubs will continue to pay ‘big money’ for signings unless they are made to pay upfront to cover fees.
“I don’t expect to see a decline in the level of transfer fees as a result of the Premier League following the footsteps of Uefa by capping amortisation fees to five years,” Maguire told Football’s Sean Fisher.
“Ultimately, transfer fees are a cash issue and cash is independent from amortisation.
“The only thing that could cause transfer fees to decline is if Uefa or the Premier League decide that players signed have to be paid for immediately or within a 12-month period.
“The jolt that would cause to cash flow would likely cause transfer fees to drop, but as it stands clubs such as Chelsea will continue to spend big money on big talent despite the new five-year cap.“
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