According to reports, Chelsea FC will be looking forward to raising over £200 million in player sales during the transfer window.
The club’s decision to sell key players comes as a response to the Premier League Profit and Sustainability Rules, which requires clubs to demonstrate financial sustainability and adhere to certain financial restrictions.
The Premier League Profit and Sustainability Rules dictates the amount of money that Premier League clubs are permitted to lose over a specific period. It also determines how much these teams can spend on things like transfers, in the sense that each club must toe the line when it comes to balancing income and expenditure.
Chelsea FC, like many other Premier League clubs, has faced significant financial challenges in recent years due to the COVID-19 pandemic and other factors. The club’s failure to qualify for the Champions League has further exacerbated these financial difficulties, putting pressure on the team’s owners to generate revenue through player sales.
The London based club, has so far spent €189.00m in the ongoing summer transfer with the signings of Pedro Neto, Kiernan Dewsbury-Hall, Filip Jörgensen, Omari Kellyman, Aaron Anselmino, Renato Veiga, Caleb Wiley, and Marc Guiu. Chelsea signings for the summer include Tosin Adarabioyo but joined the team as a free agent from the city rivals Fulham.
Rivals have started questioning how Chelsea can continue to spend so lavishly without reprisal as they spent €464.10m in both the winter and summer transfer windows taking their total signings from season to date to a hooping €653.1m.
Since the Clearlake Capital and Boehly takeover, Chelsea have spent more than £1.5bn on transfers, increasingly with a younger profile aimed at future resale value, seemingly stockpiling potential.
Chelsea FC hopes to generate the necessary funds from selling some first team players to balance its books and avoid breaching the Premier League Profit and Sustainability Rules. The club’s management believes that this approach will enable them to maintain their competitiveness on the pitch while also ensuring the long-term financial stability of the team.
Romelu Lukaku, Trevoh Chalobah, Armando Broja, David Datro Fofana, Raheem Sterling, Djordje Petrovic, and Kepa Arrizabalaga are players that the team may sell to balance their books. Conor John Gallagher has already been shipped to Spain waiting to join Atletico Madrid.
Source: Elvisanokyenews.com
