Chelsea’s Todd Boehly seals two more deals despite increasing concerns over FFP regulations.
The Chelsea co-owner, Todd Boehly, has approved contract extensions for players Enzo Fernandez and Mykhaylo Mudryk, despite concerns regarding Financial Fair Play regulations. The two players, who were initially signed for a combined cost of over £180 million, have been criticized for underperforming.
Documents from the FA reveal that both players have been granted contract extensions, with Fernandez having eight years remaining on his deal and Mudryk seven. This move is in line with Chelsea’s approach of securing young talent with long-term contracts.
However, Chelsea is currently facing financial challenges due to FFP regulations, with significant pre-tax losses being announced. The club is striving to avoid falling foul of the Premier League’s profit and sustainability rules.
Additionally, other clubs in the division have already faced penalties for breaching rules, and Chelsea aims to avoid a similar fate. Despite the significant investment made by Boehly, Chelsea is yet to see substantial returns.
There have been reports of the club breaking records for the amount of money spent on agent’s fees, indicating further financial strain. On the pitch, Chelsea is set to play against Manchester City in the FA Cup semi-final.
Securing a win in the FA Cup could be crucial for their chances of participating in European football next season. In summary, Chelsea is navigating financial challenges while striving to maintain compliance with FFP regulations.
The club’s success on the pitch holds significance for their financial stability.
