Chelsea spending in transfer window intrigues rivals

In the rest of Europe, the fear is a bit more material. Chelsea, a manager of a major continental club, said he had “destroyed the market”, a sentiment supported by Javier Tebas, the president of La Liga, Spain’s top flight. “The UK market is boosted,” he said. “It’s a competition that has lost billions of pounds in recent years, financed by contributions from patrons, in this case American investors who finance at a loss.”

While all managers immediately understood the purpose of Chelsea’s extended contracts, the majority were puzzled as to whether the club was bravely exploiting a market inefficiency or mortgaging its future. After all, extending contracts could reduce the immediate financial impact on Chelsea’s accounts – and therefore help the club meet the largely theoretical cost-control mechanisms of European football – but this does not represent the actual cash flow. of the team.

Chelsea still have to pay the short-term transfer fee. He still has to commit to paying players several million dollars more than he would if they had more standard-length contracts. He still has to rely on them to fulfill their undeniable potential. It still risks being cluttered with expensive real estate assets in the years to come if they don’t.

Selling players has certainly been a bit more difficult for Chelsea. As Eghbali negotiated for Fernández and Boehly made his final offer for Amrabat, one of Chelsea’s current players, Hakim Ziyech, sat in the offices of Paris St.-Germain, awaiting confirmation of his departure.

The deal had been in the works for about a week. At one point, talks had been relaxed enough for Boehly to suggest that PSG owner Qatar Sports Investments might like to help Chelsea with their stadium project. As the minutes ticked away until the transfer deadline, PSG officials grew concerned about Chelsea’s lack of communication.

Five minutes before the deadline – at 10:55 p.m. local time – Chelsea finally sent in a document. It was the bad one. When this was reported, a second quickly followed. It wasn’t signed. By the time the new error was fixed, it was too late. The deadline had passed. PSG couldn’t register the signing.

Ziyech, distraught, had to return to west London, where a string of new teammates awaits him, including at least two who play in his position. Chelsea don’t need him now. However, he must pay his salary for another six months.

nytimes sport

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