(Credit: Imago)
(Credit: Imago)

Stefan Borson: Trevoh Chalobah among stars Chelsea could sell to fund ‘surprising’ deal

James Murray

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

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Chelsea are considering their options heading into the final week of the January transfer window. 

Football Insider revealed on 9 January Chelsea were expected to be quiet in the window due to their settlement agreement with Uefa. 

The Blues are yet to make any new signings this month despite spending heavily since BlueCo took over in May 2022. 

However, Chelsea have made an approach to sign Jeremy Jacquet, but French side Rennes are looking for a fee in excess of £50million. 

Liverpool and Arsenal are also interested in Jacquet as they look to bolster their defensive options before the window closes on 2 February. 

Jeremy Jacquet playing for Rennes
Chelsea are looking to sign Jeremey Jacquet from Rennes this month (Credit: Imago)

What does the Uefa settlement mean for Chelsea's transfer plans

Former Man City financial adviser Stefan Borson exclusively told Football Insider it’s “surprising” Chelsea have the capacity to sign Jacquet under Uefa’s squad cost control rules (SCR). 

Chelsea were fined £26.7m by Uefa last summer for breaching its financial rules, while they will face a further £51.2m penalty if they don’t comply with the governing body’s rules in the next four years. 

Speaking exclusively to Football Insider about Chelsea's efforts to sign Jacquet, Borson said: “It's surprising they have the capacity to be able to do it, to be honest. 

“I can see how they can do it under PSR, but it's slightly surprising they can do it under SCR with Uefa. 

Chelsea co-owner Todd Boehly at Stamford Bridge
Chelsea are in a settlement period with Uefa after breaching its financial rules (Credit: Imago)

“But their settlement agreement with Uefa does give them a bit more breathing space. It's a four-year agreement, so they can do a little bit more this season.” 

How Chelsea could agree Jeremy Jacquet deal

Borson suggested Chelsea could look to sell the likes of academy product Trevoh Chalobah to balance the books if they can get a deal over the line for Jacquet. 

“They may be looking at it and going, ‘Well, what we're going to do in the summer is we're going to sell X, Y and Z, including say players that have got no book value, maybe Chalabah’s and these sorts of players,” said Borson. 

“Players that have come through the youth, take a profit and offset some of these moves, but it's a surprising deal. 

Chelsea manager Liam Rosenior on a phone call
Liam Rosenior was appointed as the Chelsea manager earlier this month (Credit: Imago)

“Without having the full set of accounts, it's very hard to understand why Chelsea would be spending another €50-60m (£43-52m) on a defender right now.” 

Chelsea currently sit fifth in the Premier League table after recently appointing Liam Rosenior as their new manager. 

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