UEFA has decided to react strictly against the clubs like Chelsea who are misusing the ‘Financial Fair Play’ loophole to spend more on transfers.
Since Todd Boehly became the club’s owner, the Blues have relentlessly pushed through the transfer market while avoiding FFP restrictions.
In May 2022, when Boehly acquired Chelsea from Roman Abramovich, he has authorized over £400 million in transfer fees during the summer and winter transfer windows.
A right-back, a midfielder, and another forward are among the players Graham Potter is aiming to sign before the winter transfer window closes.
It has broken Manchester City’s previous record for the most money spent on transfers in a single season ($328 million in 2017–18).
The Times reports that UEFA intends to punish Chelsea and any other club who considers using the same tactic severely.
The maximum period of time over which a player’s transfer fee can be divided will be set by the governing body of European football at five years.
Chelsea’s constant activity in the transfer market has caused widespread concern about how they adhere to FFP regulations, but a gap has opened up that they have taken advantage of under Boehly.
To lessen the impact of Chelsea’s spending, the American owner has awarded mega contracts. His most recent contract, the longest in Premier League history, was an eight-and-a-half-year one with Mykhaylo Mudryk.
A longer contract will result in a lower annual cost of a player’s fee because of a process known as amortization.