Chelsea: UEFA Adopts New Financial Fair Play Rules After Recent Contracts to Mudryk and Co

Chelsea: UEFA Adopts New Financial Fair Play Rules After Recent Contracts to Mudryk and Co

  • UEFA intend to adopt new guidelines to prevent Chelsea and other clubs from going around the FFP rules
  • Chelsea have made headlines recently for handing out huge contracts to new players
  • The club maximized on a loophole in the FFP rules to avoid potential sanctions

European football governing body, UEFA, has moved in to seal a loophole used by Chelsea to bend the Financial Fair Play rules.

Chelsea has been on the spot in recent times for splashing large wads of cash on several players which could potentially flout the FFP rules.

Mudryk Mykhailo, Chelsea, UEFA, Financial Fair Play Rules, Benoit Badiashile
One of Chelsea's new signings Mykhailo Mudryk in action on January 21st. Photo by Chelsea FC.
Source: Getty Images

No club has spent more money on signings than Chelsea since Todd Boehly took over the club last summer. The latest acquisition was Noni Madueke from PSV who they got for an excess of 35 million euros.

Length of contracts

Mykhailo Mudryk arrived at Stamford Bridge for a fee of 88 million euros and was handed an eight and half year contract. Questions were raised on the length of the contract with Benoit Badiashile getting a seven-year contract and Wesley Fofana getting seven years.

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As it stands, Chelsea haven't broken any rules but that might change soon if UEFA succeeds with its proposals. GMS reports that clubs have voiced complaints about Chelsea's spending. The lengthy contracts have been used to spread the impact of the transfer spending.

The Times now reports that UEFA intends to introduce a limit of five years to which a club can tie down a new player. The new rules are expected to be in place before the summer transfer window.

How Chelsea avoided FFP rules

Sports Brief had earlier given an incisive breakdown of how the Blues had managed to remain in FFP's good books. Chelsea have often been blasted for paying excess money for otherwise moderate players. The club recently forked out close to 88-million euros to land Ukrainian sensation, Mykhailo Mudryk.

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The Todd Boehly ownership has already used close to 450 million euros in signings, since taking over from Roman Abramovich last summer. Most of the signings have been young players, as the club looks to reinvent how it does its business.

Mudryk's deal is believed to have been spread across eight years, with Chelsea paying instalments of slightly over 10-million euros each year through a process known as amortization. This helps the club only record an outward investment of 10 million every year, rather than trying to balance the whole amount at once, which would be difficult. This also explains the bizarre length of the contract given to Mudryk.