Latest news with #financialfairplay
The Sun
05-07-2025
- Business
- The Sun
Chelsea face being BANNED from playing Delap, Joao Pedro and Gittens in the Champions League after £27m fine
CHELSEA could be banned from fielding Liam Delap, Joao Pedro and other summer signings in next season's Champions League. The Blues have already splashed out more than £160m on Delap, Pedro, Brazilian youngster Willian Estevao and more arrivals, with Jamie Gittens also joining today from Borussia Dortmund in a deal worth £52m. 3 3 3 But if Chelsea are unable to balance the books by selling or loaning out players in the remainder of the window, the terms of their Uefa punishment for breaking financial rules will prevent them registering them all for the Champions League. That is why homegrown defender Trevoh Chalobah is very likely to be sold this summer. Yet even a £40m fee for Chalobah would not be enough to cover the costs of all the new recruits. Uefa last week fined Chelsea a total of £27m, with a potential £52m more to come, for breaching regulations on football earnings and squad cost controls. As part of the settlement, the Blues also accepted they could not add players to the 25-man A list for Uefa competitions without the annual cost of those players being covered by savings from removing existing members of the list. The annual cost of a player is calculated by adding his wages to the amortisation value of his transfer fee. For example Delap has joined Chelsea from Ipswich for a fee of £30m on a six-year contract. But Uefa regulations say clubs have to calculate the amortisation over a five-year period. Therefore, the amortisation cost of Delap next season will be £30m divided by five - £6m. If the striker is on wages of £100,000 a week, that is £5.2m a year, making the total Delap cost £11.2m. Chelsea CONFIRM transfer of Jamie Gittens as £52m Borussia Dortmund star becomes seventh addition of the summer Should Chelsea want just him to play in the Champions League, they would have to find more than £11.2m in savings from players they wanted to take off the list. The value of an outgoing player is calculated by adding their wages to any profit on their sale. That is why Chalobah is particularly vulnerable to being sold. As a product of the Chelsea academy, his value on the books is zero so any fee received would be pure profit. That was the case when Chelsea sold Mason Mount and Conor Gallagher in the last two summers. A £40m fee for Chalobah, plus the saving in wages, would cover the costs related to Delap, £60m signing Joao Pedro and some others - but not all incomings this summer. If Chelsea wanted to sell a player like goalkeeper Robert Sanchez, however, the maths is different. Sanchez arrived from Brighton for £25m two years ago. Amortisation for each of those two years is £5m (£25m divided by 5) making a cost of £10m. Sanchez's value on the books is now £15m (£25m minus the £10m amortisation) so Chelsea would need to sell him for more than that to bank a profit, on top of the saving in wages. Of the 25 players on Chelsea's A list for the knockout stages of the Europa Conference League, the only big earner to leave so far is on-loan Jadon Sancho. The Blues are believed to have paid half of Sancho's £300,000 per week wages from his Manchester United contract - £150,000 a week.. Chelsea paid £5m to get out of an obligation to buy the winger. Sancho's departure will save them £7.8m in wages, but it's still not enough to cover the likely £11.2m cost of Delap. Noni Madueke is now reported to have agreed personal terms with Arsenal, which would free up more funds for the Blues.
The Guardian
04-07-2025
- Business
- The Guardian
Chelsea face doubts over registering signings with Uefa after £27m fine
Chelsea, Aston Villa and Barcelona have been fined by Uefa for breaking financial rules. Chelsea have been hit with a €31m (£27m) fine, with a potential further €60m looming over the next four years if they fail to comply with regulations again. They also face doubts over whether they will be able to register new signings in European competitions over the next two seasons. Villa have been fined a total of €11m with a further €15m suspended for the next three years. Barcelona have been fined €15m and are also at risk of further conditional penalties. Chelsea's punishment leaves them under pressure to make sales this summer before their return to the Champions League. Uefa's judgment included the detail that Chelsea would be forbidden from including new players in their squad for Europe next season and in 2026-27 unless they can show they have generated a cost saving with sale of players against acquisitions. Chelsea have bought Liam Delap for £30m and João Pedro in a deal worth up to £60m. They have agreed a deal to sign the Borussia Dortmund winger Jamie Gittens and will add Palmeiras's Estêvão Willian to their squad after the Club World Cup. Chelsea were already looking to make sales and are open to offers for Noni Madueke and Christopher Nkunku. A number of others, including João Félix and Raheem Sterling, have no future at the club. Sterling has two years left on a contract worth £325,000 a week. Chelsea and Villa breached Uefa's football earnings and squad-cost rules (SCR), the latter of which limits clubs operating in European competition to spending 80% of their revenue on player costs. Villa face being fined €5m for every year they breach financial rules. A new three-year cycle started in 2024-25. Villa are confident they can absorb the fine and strengthen Unai Emery's squad while agreeing to move in line with SCR. Villa and Uefa are understood to have agreed a 'glide path' to meet their targets. Villa, who are also confident of avoiding a possible points deduction from the Premier League after moving to sell their women's team to comply with financial rules, are adamant they do not need to sell key players. The future of Emiliano Martínez, however, is uncertain, and while Aston Villa are yet to receive a bid for the Argentina goalkeeper, they are braced for further interest in the 32-year-old, who is under contract until 2029., Chelsea, Manchester United and Atlético Madrid, are thought to hold an interest in the World Cup-winner. Reducing the wage bill is a priority for Villa. YesterdayOn Friday, the club confirmed they have terminated the contract of Philippe Coutinho, who has signed permanently for Vasco de Gama, his boyhood club. Villa want to trim the squad and offload fringe players, with Kaine Kesler-Hayden joining Coventry in a £3.5m deal and Emiliano Buendia, Louie Barry and Alex Moreno also poised to leave. Lyon (€12.5m), Besiktas (€900,000) Panathinaikos (€400,000) and Hajduk Split (€300,000) have also been sanctioned by Uefa.
Al Jazeera
04-07-2025
- Business
- Al Jazeera
Chelsea and Barcelona fined by UEFA for financial rule breaches
Chelsea have been fined 31 million euros ($36.5m) by European football's governing body UEFA for breaches of its financial rules, while Aston Villa, Barcelona and Olympique Lyonnais were also levied with large fines. The punishments come with the potential for far harsher fines down the road, with Chelsea, who agreed to a four-year settlement with UEFA's Club Financial Control Body (CFCB), risking being hit with a further 60 million euros ($71m) if they do not get their finances in order. Barcelona must pay a 15 million euro fine ($17.7m), but could potentially face 60 million in total, with UEFA fining Lyon 12.5 million and Aston Villa 11 million. Chelsea's fines were split into 20 million for not complying with the football earnings rule and 11 million for breaching the squad cost rule, while Aston Villa were fined five million and six million for their respective rule violations. The clubs are also subject to a restriction on the registration of new players on their List A for UEFA club competitions such as the Champions League and Europa League. Lyon's four-year agreement with UEFA's financial control body, the club's ownership group said on Friday, would enable them to play in the Europa League next season, subject to a favourable outcome of their appeal with the DNCG, the French football financial watchdog. Lyon's demotion to Ligue 2 was provisionally announced by the DNCG in November due to financial irregularities and was confirmed last week. They risk exclusion from European competitions, however, if they fail to meet the agreed targets. The teams accepted settlement agreements which cover periods of two, three or four years, with the clubs' final targets to be fully compliant with the football earnings rule by the end of their specific settlement period. Chelsea sold their women's team for 235 million euros ($277m) to a parent company, Blueco, which helped to balance their spending and avoid huge losses, despite their lavish spending in the transfer market under owner Todd Boehly. UEFA, however, refused to count the sale of the team as an asset. The club also sold two hotels to a sister company in a deal that appears to have helped the club remain compliant with profitability and sustainability rules (PSR). Premier League clubs are not permitted to have losses of more than 105 million pounds ($143.29m) over a three-year period.
Reuters
04-07-2025
- Business
- Reuters
Chelsea given huge fine for breach of financial rules
July 4 (Reuters) - Chelsea have been fined 31 million euros ($36.50 million) by UEFA for breaches of its financial rules, while Aston Villa, Barcelona and Olympique Lyonnais were also levied with large fines, UEFA announced on Friday. The punishments come with the potential for far harsher fines down the road, with Chelsea risking being hit with a further 60 million euros if they do not get their finances in order. Barcelona must pay a 15 million euro fine, with UEFA fining Lyon 12.5 million and Aston Villa five million. The teams agreed to settlement agreements which cover periods of two, three or four years, with the clubs' final targets to be fully compliant with the football earnings rule by the end of their specific settlement period. Additionally, Lyon agreed on an exclusion from the 2025/26 UEFA club competitions should the French authority (DNCG) confirm the club's relegation to Ligue 2. ($1 = 0.8493 euros)
CNA
04-07-2025
- Business
- CNA
Chelsea given huge fine for breach of financial rules
Chelsea have been fined 31 million euros ($36.50 million) by UEFA for breaches of its financial rules, while Aston Villa, Barcelona and Olympique Lyonnais were also levied with large fines, UEFA announced on Friday. The punishments come with the potential for far harsher fines down the road, with Chelsea risking being hit with a further 60 million euros if they do not get their finances in order. Barcelona must pay a 15 million euro fine, with UEFA fining Lyon 12.5 million and Aston Villa five million. The teams agreed to settlement agreements which cover periods of two, three or four years, with the clubs' final targets to be fully compliant with the football earnings rule by the end of their specific settlement period. Additionally, Lyon agreed on an exclusion from the 2025/26 UEFA club competitions should the French authority (DNCG) confirm the club's relegation to Ligue 2. ($1 = 0.8493 euros)
