Chelsea not 'off the radar' for FFP breaches, says financial expert

By Sports Desk November 28, 2023

Chelsea are not "off the radar" for financial fair play (FFP) breaches despite their amortisation techniques, according to finance expert Dan Plumley.

Since Chelsea were taken over by American businessman Todd Boehly in May 2022, the Blues have spent over £1billion in transfer fees, raising serious questions over whether the club is at risk of breaking the Premier League's financial regulations.

Much of the money has been spent on acquiring young talent on lengthy contracts, and though results have been well below par since Boehly's arrival, it seems the appointment of Mauricio Pochettino prior to this season is starting to pay dividends, with Chelsea finally on an upwards trajectory with an eye on European qualification.

Plumley has explained that while the lengthy contracts given out by Chelsea are helping them in regards to FFP, they may still have work to do if they are to adhere to UEFA's laws and therefore be allowed to play in their competitions, having been fined £8.6m by UEFA prior to this season.

"The thing that Chelsea did to protect themselves from that particular issue with profit and sustainability is the long contracts that were delivered to those players," Plumley told Stats Perform.

"Yes, there were some high fees, but there were also long contracts. You have to divide the transfer fee by the contract length in terms of number of years, and that's the charge per year for FFP.

"They were mindful of the regulations moving forward. And they've managed to sell a few players in accounting terms for pure profit that have come through the youth system.

"But that doesn't mean they're fully off the radar. I get the sense that they should be looking at having their house in order in that regard.

"We've got UEFA's regulations that if they want to get back into the Champions League, they have to conform to as well. They will need to be mindful that both the Premier League and UEFA have regulations moving forward."

Chelsea are one of a number of clubs reportedly toeing the line in relation to financial regulations, though it is potential indiscretions from the past that may cause them issues in the near future, with the stewardship of previous owner Roman Abramovich under investigation.

Plumley explained those potential wrongdoings, saying: "There's obviously the separate case with Chelsea at the minute around the past ownership and some of the things that have been looked into there in terms of potentially where some of those payments went.

"There's some allegations here that some of the payments have gone to other organisations and in some cases other football clubs from the previous owner of Chelsea when they were under the control of Roman Abramovich.

"That's a separate case in that regard, in terms of something a little bit different because payments from one club and Chelsea's link to the ownership structure from a time gone by to other clubs and other connected parties."

Related items

  • Messi 'will be our No.10 in 2026', hopes Inter Miami chief Mas Messi 'will be our No.10 in 2026', hopes Inter Miami chief Mas

    Inter Miami fully expect Lionel Messi to remain at the club beyond his current contract ahead of the 2026 MLS season. 

    Those were the words of Miami's club managing owner, Jorge Mas, who was speaking to the media following Gerardo Martino's resignation earlier on Friday. 

    Messi joined the MLS side in July 2023 on a two-and-a-half-year contract, leading the Herons to the Supporters' Shield and Leagues Cup during his time in the United States so far.

    His current deal is due to expire at the end of next year, though Mas made clear his desire to see Messi remain with the Herons at Miami Freedom Park, the club's new stadium that will open in 2026. 

    "He’s under contract through 2025. Leo and I will sit, and we’ll discuss the future,” Mas said. 

    “As I’ve said before, and I will repeat it now: I fully expect that in the opening of our new stadium in 2026 in Miami and the opening of our 2026 season, hopefully after a trophy-laden 2025 season, that Lionel Messi will be our No. 10.”

  • Man United could be without Toone until new year, says Skinner Man United could be without Toone until new year, says Skinner

    Marc Skinner revealed that Manchester United could be without midfielder Ella Toone until the new year after she picked up a calf injury in training. 

    Toone has featured in five games in the Women's Super League this season, but is yet to register a goal or an assist so far this term. 

    The 25-year-old has missed United's last two games and was not selected in Sarina Wiegman's England squad for their upcoming friendlies against the United States and Switzerland.

    She had previously appeared in a staggering 96 straight matches before missing United's WSL showdown with Leicester City last weekend.

    But ahead of the Red Devils' meeting with league leaders Chelsea on Sunday, Skinner confirmed they would be without Toone for not only that game, but for the foreseeable future.

    "We have three games [after the international break and before Christmas]. There's always the hope, but I think you balance and you go, 'right, if we can get her back, we get her back'," Skinner said. 

    "But we're just not going to rush her in this moment because it's a calf injury, it's your running mechanism. If we injure the running mechanism, it takes longer.

    "So ideally we'd like her back for those games afterwards.

    "The projection is she misses this game [Chelsea], she misses the international window, probably misses the first game after that, and then we'll see from there.

    "But because it is such a short block of only three games, we'll assess whether it's worth that or actually resetting to come back after Christmas."

  • Man United could be without Toone until Christmas, says Skinner Man United could be without Toone until Christmas, says Skinner

    Marc Skinner revealed that Manchester United could be without midfielder Ella Toone until the new year after she picked up a calf injury in training. 

    Toone has featured in five games in the Women's Super League this season, but is yet to register a goal or an assist so far this term. 

    The 25-year-old has missed United's last two games and was not selected in Sarina Wiegman's England squad for their upcoming friendlies against the United States and Switzerland.

    She had previously appeared in a staggering 96 straight matches before missing United's WSL showdown with Leicester City last weekend.

    But ahead of the Red Devils' meeting with league leaders Chelsea on Sunday, Skinner confirmed they would be without Toone for not only that game, but for the foreseeable future.

    "We have three games [after the international break and before Christmas]. There's always the hope, but I think you balance and you go, 'right, if we can get her back, we get her back'," Skinner said. 

    "But we're just not going to rush her in this moment because it's a calf injury, it's your running mechanism. If we injure the running mechanism, it takes longer.

    "So ideally we'd like her back for those games afterwards.

    "The projection is she misses this game [Chelsea], she misses the international window, probably misses the first game after that, and then we'll see from there.

    "But because it is such a short block of only three games, we'll assess whether it's worth that or actually resetting to come back after Christmas."

© 2024 SportsMaxTV All Rights Reserved.