June 17, (THEWILL) – Todd Boehly, the new owner of Chelsea, has cautioned fans that the club would not be spending big money on players this summer, as Financial Fair Play continues to undermine the club’s finances, even if Chelsea can resume signing players now that Boehly has taken over as manager at Stamford Bridge.
Southampton have agreed a deal for teenage goalkeeper Eddie Beach, while the Blues are also hoping to recruit Chicago Fire star Gabriel Slonina, with first-team signings still being discussed.
The free transfer of Ousmane Dembele and the signing of Sevilla centre-back, Jules Kounde, are among Boehly’s intentions, with Chelsea confident of securing the latter for roughly £50 million.
There are still several areas where Chelsea supporters want to see improvement, but Boehly has warned that the club can only do so much this summer. He noted: “Financial Fair Play is starting to get some teeth and that will limit ability to acquire players at any price.
“UEFA takes it seriously and will continue to take it seriously. [More teeth] means financial penalties and disqualification from competitions. If you look at the models that are very successful, Liverpool is a great model. Liverpool generates a couple of hundred million more revenue than Chelsea and they generate earnings, so there is an opportunity to compete.”
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Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
