Coming from Fabrizio Romano this Evening VERY SAD NEWS has been announced for CHELSEA after found guilty of breaching 115 financial Rules
David Ornstein says what’s new with Chelsea’s FFP after Everton’s second charge.
David Ornstein has now talked about Chelsea’s FFP position.
More than ever, the Premier League seems to be tough on teams that break the FFP rules.
Both Everton and Nottingham Forest were just fined for breaking financial rules. This is the second time this season that Everton has been punished in this way.
Of course, since Everton’s second charge, there have been a lot of questions about some of the bigger teams that spend a lot of money all the time.
We all know that Chelsea has spent a lot of money in the last 18 months, but they haven’t been charged yet.
Speaking on The Athletic Football Podcast, David Ornstein gave an update on Chelsea’s situation. He said that the Blues have done a great job of staying within the rules so far, but they will have to be extra careful going forward after the Premier League changes the rules on amortisation.
Chelsea has done a good job.
Ornstein told what he knows about how much money Chelsea spends.
“What’s going on with Chelsea?’ A lot of people have been asking.” Because they have spent more than ever since Todd Boehly and Clearlake Capital bought the team. Some cleaning to show how they are following the rules this time.
“They will need to be careful going forward because the costs will keep coming up. It will be interesting to see how they balance the books now that the Premier League has limited the amount of time that transfer fees can be amortised from no cap to five years.”
“Everyone is paying close attention to see if they sell Conor Gallagher in January. Homegrown players like him are pure profit.” “They’ve done pretty well financially to stay within the lines, whether you like it or not,” Ornstein said.
Keep an eye on this one
Chelsea has been able to avoid fines so far after a very successful summer of sales, but this can’t go on forever.
The Blues still spent more on transfers than they got back, and since the rules changed, those costs can’t be spread out over eight years. This could cause problems in the future.
Who knows if Chelsea can stay on the right side of this line, but one thing is for sure: they need to spend less during the next few trade windows.