FOOTBALL
Investigation: Is Chelsea breaching the Financial Fair Play rules?
Chelsea have spent a whopping £445 million on transfers since the new ownership came in last summer.
The Blues’ astonishing transfer outlay has infuriated rival fans as they accuse Chelsea of violating Financial Fair Play rules.
How is Chelsea doing it without getting sanctioned by UEFA? Is the European football regulatory body turning a blind eye to Chelsea’s outrageous spending? Or are the Londoners genuinely playing by the book?
Chelsea now hold the record for spending the highest amount of money across a season by eclipsing Manchester City’s £328 million splash in 2017/18.
Ukrainian winger Mykhailo Mudryk has been the latest addition to Chelsea’s armoury.
The former Shakhtar Donetsk star cost the club an upfront fee of £62m, which would rise beyond £90m if certain add-on conditions come to fruition.
Financial Fair Play in the Premier League is calculated over a three year period.
Clubs can make a maximum loss of £105 million throughout this time. However, infrastructural expenditure and investments in youth and women’s football are not taken into account. Clubs can also spend as much as they want on community development projects.
Clubs have also been given financial leeway to compensate for their pandemic losses.
The FA have allowed the injection of owner money to recoup the losses incurred due to reduced TV and matchday revenues during the covid era.
UEFA’s FFP rules are much stricter.
The loss ceiling for clubs is €60m (£53m), and there are no concessions for infrastructural, academy, women’s team, and community development investments.
But under the previous ownership, Chelsea were a financially well-run club, which reflects in their financial statement.
Their financial record for the 2020/2 season shows a £32.5m profit, despite a significant revenue loss due to covid.
The club has generated £688 million over the last 10 years, which is higher than any other club in the Premier League. Their nearest competitor in this regard are Liverpool whose player sales profit was only £357m within the same period.
As of this season, Chelsea have been breaking up the transfer fee and wages over lengthy contract durations.
Amortization has allowed the club to show a far more modest amount on their balance sheet.
Mudryk’s contract, for example, is eight and a half years long. Benoît Badiashile, another Chelsea January acquisition, was tied down to a seven and a half years contract.
Chelsea’s current recruitment team, headed by Paul Winstanley and Christopher Vivell, has come up with this strategy to work around FFP restrictions. For this reason, Chelsea can show an annual expense of £70 million in their balance sheets for their transfer spending this season.
Of course, it’s not a risk-free policy.
Handing out such lengthy contracts means the club is making a huge gamble on the players.
If the player’s form drops drastically, the club might find it difficult to ship them out.
However, if the player performs well or even beyond expectations, the length of the contract should ward off potential suitors.
Also, Chelsea have been avoiding extraordinary wage offers with these lengthy contracts so that players don’t get complacent and wait for the pay cheque to arrive week in, week out.
FC Goa defeats Mohun Bagan! FC Goa secured a memorable 2-1 victory against Mohun Bagan Super Giant in the Indian Super League at Fatorda Stadium. This high-stakes encounter ended Mohun Bagan’s unbeaten streak, marking a significant moment in the league.
Brison Fernandes opened the scoring for FC Goa in the 13th minute, assisted by Borja Herrera. His shot deflected off Mohun Bagan’s Tom Aldred, giving Goa an early lead. Despite pressing attacks, Mohun Bagan failed to capitalize on opportunities during the first half, keeping FC Goa ahead.
The second half saw Mohun Bagan equalize through Dimitrios Petratos’ penalty, awarded after a handball by Armando. With the match level, momentum shifted briefly in favor of Mohun Bagan. However, FC Goa struck again in the 68th minute as Brison Fernandes headed in Herrera’s precise cross, sealing the lead and eventual victory for the home side. FC Goa defeats Mohun Bagan!
FC Goa’s defense stood firm during the closing stages, with Sandesh Jhingan and Odei Onaindia effectively countering Mohun Bagan’s attempts to find another equalizer. This win elevated FC Goa to third place in the league standings with 22 points from 12 matches, showcasing their strong form this season.
The match underscored FC Goa’s resilience and tactical discipline, while Mohun Bagan will aim to bounce back from this setback. Fans were treated to an exciting contest, reflecting the competitive spirit of the league.
FC Goa vs Mohun Bagan Super Giant! The Indian Super League (ISL) promises an intense showdown as FC Goa faces league leaders Mohun Bagan Super Giant this Friday at Fatorda. With playoff positions at stake, both teams are set for a thrilling encounter.
FC Goa aims to break into the top three with a win, continuing their unbeaten six-match streak. Striker Armando Sadiku leads the Goa attack with eight goals in ten matches, while midfielders Iker Guarrotxena and Dejan Drazic add creativity. Young goalkeeper Hrithik Tiwari’s three clean sheets in five matches provide defensive assurance. FC Goa vs Mohun Bagan Super Giant!
Mohun Bagan, atop the league with 26 points, has relied on Jamie Maclaren’s scoring consistency and Greg Stewart’s midfield mastery. Although Stewart will miss the match due to injury, the Mariners boast six clean sheets this season, anchored by goalkeeper Vishal Kaith.
Both teams have impressive records, with Goa scoring 21 goals and Mohun Bagan conceding only 10 this season. The match could define playoff aspirations as Mohun Bagan aims to solidify their position, and Goa seeks to climb the rankings. Fans anticipate a tightly contested game between two strong sides showcasing Indian football’s growing quality.
The match is critical for both teams’ playoff aspirations. FC Goa looks to capitalize on their home advantage and attacking prowess, while Mohun Bagan seeks to extend their dominance at the top of the league. With FC Goa scoring 21 goals and Mohun Bagan conceding only 10 this season, the battle promises to be a showcase of quality football.
Fans are eagerly anticipating this high-stakes clash, which could significantly impact the league’s playoff picture. Both teams have shown resilience and skill, ensuring a thrilling contest.
The Indian Super League (ISL) 2024-25 features a highly anticipated clash between Mohun Bagan Super Giant and FC Goa at Fatorda’s Jawaharlal Nehru Stadium on Friday. Both teams come into this encounter in solid form, aiming to strengthen their campaigns at a crucial juncture in the season.
Mohun Bagan leads the standings with an unbeaten streak, registering seven wins and a draw in ISL 2024-25. Their defensive strength is evident, having kept six clean sheets. FC Goa, sitting fourth on the table, boasts a dynamic attacking style, with nine different players contributing goals this season.
This battle between Mohun Bagan’s resolute defense and Goa’s attacking versatility promises to be a high-stakes showdown. Goa seeks to overcome the league leaders and secure vital points to narrow the gap. Meanwhile, Mohun Bagan looks to extend its dominance and consolidate its position at the top.
Key players to watch include Mohun Bagan’s defensive stalwarts and Goa’s offensive playmakers. Both sides have demonstrated their capability to adapt to challenging situations, setting the stage for a thrilling contest. With the mid-season point approaching, the match carries significant implications for both teams’ playoff aspirations.
Fans can expect an intense, action-packed game as two of the ISL’s top teams vie for supremacy. Mohun Bagan’s strategic discipline will be tested against Goa’s creative and relentless attacks. This matchup is a must-watch for football enthusiasts, showcasing the best of Indian football talent.
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