Highlights

Chelsea has signed Mykhailo Mudryk for 8 and a half years, the longest in EPL history
Chelsea spending this season has reached €460.49m

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Chelsea's recent contracts force UEFA to change Financial Fair Play Rules

Name: Chelsea's recent contracts force UEFA to change Financial Fair Play Rules
Uploaded: 2023-01-25T09:15:48.000+05:30
Duration: T00M31S
Channel: Editorji News Desk
Description: UEFA to change the Financial Fair Play Rules to keep a check on clubs' financial stability over the years.

UEFA to change the Financial Fair Play Rules to keep a check on clubs' financial stability over the years.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Chelsea's recent contracts force UEFA to change Financial Fair Play Rules

Chelsea who have been spending incredible amount of money this season on transfers have been signing new players for longer-term contracts, for as long as 8 years!

This has forced UEFA to change the Financial Fair Play Rules to keep a check on clubs' financial stability over the years.

The football regulator is to set a 5-year limit over which the transfer fee could be spread and the change to the rules will come into force during summer.

Signing players for long terms allows the club to spread the player's transfer fee over the life of that deal when submitting the annual account. This means Mykhailo Mudryk's £89 million deal will stand at £11 million/year for a span of eight and a half years.

Frequently Asked Questions

What prompted UEFA to change the Financial Fair Play Rules?❯

Chelsea's recent contracts, which involve signing new players for longer-term contracts up to 8 years, prompted UEFA to change the Financial Fair Play Rules to ensure clubs' financial stability over the years.

What is the new limit set by UEFA for spreading transfer fees?❯

When will the new Financial Fair Play Rules come into force?❯

How does Chelsea's strategy of signing players for long terms benefit them financially?❯

What is the Financial Fair Play (FFP) and why is it important?❯