this post was submitted on 17 Aug 2023
1 points (66.7% liked)

footy

1 readers
2 users here now

Discussion of all things related to football.

founded 1 year ago
MODERATORS
 

How the fuck are Chelsea spending all this money without breaching FFP?

I know they've offloaded some players but even so...

@footy

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago

So the official explanation is that they've spread all their purchases over a longer term. So if someone cost £100 million and the contract is for 8 years, the way the deal is structured, they're only paying £1.25m a year. So within the rules and according to the FA, they didn't spend anything more than £1.25m that year. And because they structured so many deals like that. They're more than okay FFP.

Obviously the FA didn't like that so capped it at five years, so that's what they've done with the newer signings.

It's important to remember rich people never spend their own money and will leverage their assets. They're basically mortgaging their players.