UEFA rushes to save Financial Fair Play, by passed by Chelsea
The European Confederation decided to move immediately and put a brake on this "loophole" that allows such practices
The management of Chelsea has forced the leadership of UEFA to be on the alert. The consortium that has acquired the majority of the shares and manages the English team, with the president of the American businessman, Todd Boehly, discovered a "loophole" in the rules of the European Confederation and was thus able to bypass the Financial Fair Play, in order to complete its transfers actions without facing serious problems.
The American president of Chelsea, Todd Boehly, seeing that his team is in danger of being out of the top 4 and therefore not appearing in the new season in the UEFA Champions League groups, has already made 6 transfers (Datro Fofana, Benoit Basiandil, Noni Madueke, Joao Felix , Andrej Santos, Mikhajlo Mudrik) paying several million euros. So this matter made many wonder how he finally manages not to hold anyone accountable and especially the "independent" committee of the FFP, which under the presidency of the American, Sunil Galati, monitors all the important and non-events of the clubs participating in the European competitions...
The management of Chelsea had therefore planned to bypass the UEFA regulation and the "key" was
the duration of the contracts. Prominent of the Ukrainian,
Mykhailo Mudrik who put his signature on a
contract lasting 8.5 years! Something similar happened with the other newly acquired footballers who signed a long-term contract.
Chelsea's Strategy was clear contracts with the plan behind this strategy being clear. The longer the contract, the lower the transfer amortization cost recorded each year in FFP. A fact which allows teams to extend the impact of their financial spending over time. Come to think of it, at some point the "hounds" of UEFA smelled that the administrative leader of the "blues" Todd Boehly has ... pulled it.
So the leadership of the European Confederation decided to move immediately and put a brake on this "loophole" that allows such practices.
5 years maximum
Now at UEFA's headquarters in Nyon, Switzerland, the decision-makers have decided to set a ceiling of 5 years, during which the repayment amount for the transfer of a footballer can be divided, with the new policy even coming into force before the summer of 2023 !
In this way, UEFA hopes to put an abrupt end to Chelsea's smart strategy, which of course may well attract other teams, but all they will succeed in doing is simply giving... an extension to the financial problem.
"If other clubs start doing the same with eight-year contracts it will be chaos, so we have to protect them. They just move a problem into the future.
For example, a club may end up with a highly paid player that they cannot sell, or sell him after three or four years that will not make a big (accounting) profit because much of the cost of his transfer will not have been recouped," they said. features from UEFA in The Times, in an attempt to explain the pathogens lurking behind this loophole.
Chelsea, let's remember, acquired Mikhaylo Mudrik from Shakhtar for 100 million euros (including bonuses), who signed a contract until the summer of 2030. Now let's see what other tricks the various teams will come up with...
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