£600m Transfer Splurge : Chelsea Bids To Avoid Sanction, Set To Ask For Exemptions From The Premier League’s Spending Rules

Chelsea are planning to seek exemptions from the Premier League’s spending rules when they submit their accounts at the end of the season.

They argue they were unable to receive income for three months last year after the previous owner, Roman Abramovich, was sanctioned by the Government.They have just paid a British record £107million for Enzo Fernandez on the strength of a mere 29 games for Benfica and a part in Argentina’s World Cup winning team, with the first £40m up front.

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Under Premier League rules, clubs are permitted to lose £105million over any three-year period, and Chelsea’s unusual circumstances last season put them at risk of a breach. Chelsea recorded losses of £153.4m in their most recent accounts for the year ending 2021 but, along with other top-flight clubs, were given allowances by the Premier League due to the impact of the pandemic on their finances.

It is unclear how the Premier League will respond to Chelsea’s request. Complying with UEFA’s Financial Fair Play rules may be more of a challenge, after being placed on their so-called watch-list of clubs in danger of breaching the rules.

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