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Chelsea ‘protected’ after three £10m-a-year deals struck

Chelsea’s three summer signings will be amortized at £10million a year – the players’ extra-long contracts mean the club’s investment is now ‘protected’.

That’s the opinion of financial guru Kieran Maguire, dedicated to Football Insider On the capture by the Blues of Wesley Fofana, Marc Cucurella and Raheem Sterling.

Chelsea announced last Wednesday (August 31) the signing of 21-year-old centre-back Fofana from Leicester City for a seven-year term.

sky sports Reported costs were £70m, rising to £75m with add-ons.

Striker Raheem Sterling, 27, and left-back Mark Cucurella, 25, also joined Manchester City and Brighton for £50m and £60m respectively on five- and six-year terms. Contract.

This daily mail It was reported last month (August 16) that new owner Todd Boehly was looking to implement an American-style contract policy, with players locked into very long contracts.

Maguire explained that this would help with amortization, the practice of spreading player transfer costs and salaries over the life of a contract for accounting purposes.

“Fofana’s seven-year contract, six years after Curella, shows that Chelsea want to reduce amortization costs over the next two or three years.n,” he said Football Insider Adam Williams.

“For Fofana, who signed for £70m, that translates to £10m a year. The same goes for Cucurella and Raheem Sterling. This helps to spread the costs in terms of financial viability and compliance.

“That will be one of the considerations of the Chelsea board. Another possibility is that he protects the club.

“The main players they have signed are young. If they have a few more years left on their contracts, Chelsea can squeeze the most value out of them.

“It’s very different from what we’ve seen in the United States, where clubs are more dominant. In football, labor laws are a bit more protective of individuals.

In other news, pundits say Chelsea have benefited from a major injustice after Edouard Mendy’s ‘smart’ footage emerged.

Ex-Fifa official: Everton could face FA charges over two ‘long-term bans’ on card

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