Premier League set to close FFP loophole exploited by Todd Boehly's Chelsea

The English top flight and UEFA to hold a meeting to make alterations to FFP rules

As per Daily Mail, By aligning its financial regulations with UEFA’s starting in the summer of 2019, the Premier League plan to address the Financial Fair Play contractual gap that Chelsea are effectively utilising.

A record-breaking signing for Britain After signing an eight-year deal to join Chelsea from Brighton, Moises Caicedo is set to become the 22nd player on Chelsea’s records who have signed an agreement that exceeds five years at Stamford Bridge, a move that could assist the club not violating Premier League regulations by distributing the cost of transfers over an extended amount of time.

In response to Chelsea’s novel approach to player contracts this summer, UEFA placed a five-year cap on the transfer costs that may be paid, regardless of how long the contract was. However, the Premier League has no such restriction.

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The 8-year tenure of Ecuadorian midfielder Caicedo allows Chelsea to pay Brighton £115 million over those eight years, and the new UEFA rule will not apply to Mauricio Pochettino’s team this campaign because they did not make it to the European Championship.

Chelsea will have spent more than £800 million on transfers since Todd Boehly and Clearlake Capital acquired the company in May 2022 thanks to the Caicedo trade, exposing them in jeopardy of exceeding Premier League and UEFA spending caps.

Several teams have brought up the discrepancy in accounting standards with the Premier League, and this season’s board meetings will examine it with an eye towards introducing a rule change next summer.

Chelsea is going to be capable to prevent FFP infringement in the near future if not sooner because of the usage of longer contracts, which was motivated by Boehly’s experience with the American sports industry wherein such arrangements are more typical.

The club invested nearly £600 million on players this past season, but accounting expenses were around £100 million since most of the new recruits were handed seven- or eight-year deals. In comparison, player transfers last summer brought in nearly £200 million.

The new five-year limit imposed by UEFA won’t be applicable to any Chelsea acquisitions until at least next summer when the Premier League is anticipated to have enacted comparable rules.

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