Why Chelsea have the finances to outspend their rivals this season, and why there could be more to come



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After several years in hibernation, Chelsea will become one of the biggest spenders in this Covid-infected transfer window, and despite the cynicism surrounding their spending spree, it’s easy to explain how they are funding a large number of transfers. .

Iverpool manager Jurgen Klopp has suggested that Chelsea’s spending is being backed by the investment of billionaire owner Roman Abramovich and yet this time the West London club is not reliant on investment from its Russian owner. to fund your transfer impulse.

With Timo Werner sacked from RB Leipzig and Hakim Ziyech signed from Ajax previously, Chelsea stepped up rebuilding their squad when English full-back Ben Chilwell was signed on a £ 50 million deal, while Leicester and Brazil captain Thiago Silva, they will also be part of Frank Lampard. much improved Blues gear for the new season.

Bayer Leverkusen’s Kai Havertz has completed a move to West London in a deal worth around € 80m and Rennes goalkeeper Edouard Mendy could be the next to reach a deal that could be confirmed this week .

It is a waste of investment that could raise questions about Chelsea’s ability to comply with the UEFA Financial Fair Play rules, and yet a study of Blues balance sheets suggests that it is a transfer history that carries three years preparing.

Frank Lampard took over as Chelsea manager last July knowing he couldn’t sign players due to the club’s transfer embargo, but what awaited him would always offer compensation for what he warmed up to can be an awkward first season as head of the club. Blues. .

After Lampard challenged his own public pessimism by guiding the club to a top-four result and an appearance in the FA Cup final, his enthusiasm for embracing the club’s young players last season has been replaced by an enthusiasm for building a team ready to challenge honors.

The ongoing fallout from the Covid-19 crisis may have opened a financial hole in the ambitions of most clubs in Europe, but Chelsea were protected by a cash balance that ensured that owner Roman Abramovich did not need to open his wallet to deliver Lampard a fantasy football wish list.

The exits of Eden Hazard to Real Madrid and Álvaro Morata to Atlético de Madrid generated income of around 153 million pounds, and the departure of the academy product Mario Pasalic to the Italian Atalanta for 13.5 million pounds also increased their transfer chest.

Tomas Kalas’s £ 8.1m move to Bristol City and David Luiz’s departure to Arsenal last summer added to the Blues’ balance sheet surplus, with the departure of additional fringe players bringing in total income from departures from players to Chelsea over the past year at a whopping £ 226.23m.

This can be seen as a triumph of the club’s policy of using their academy setup as a side business, with players like Pasalic and Kalas sold alongside Brazilian midfielder Nathan (£ 2.7 million to Atlético Mineiro) and £ Kenneth Omeruo. 4.5 million. to Leganés).

They were deals that helped give Lampard a unique opportunity to put Chelsea back in the mix for the game’s biggest trophies, with the signings of Werner, Ziyech, Chilwell, Thiago Silva and Havertz still leaving excess cash. . Lampard’s transfer pot from that initial budget.

Getting players to adjust to their roster will be challenging, as history confirms that clubs that hire a glut of high-profile players often struggle to fit all the pieces of a new-looking puzzle together, and Lampard believes that he’s just playing catch – over his rivals this summer.

“By having a transfer ban, you feel like we’ve missed where other clubs have spent and improved and recruiting is a big part of this game,” he said.

“It is a very quick change between last season and the new one, so now is the time to see where we can improve, in what areas we can improve.

“We lost the best player in the league at Eden Hazard and it’s about using that money and some more from other players’ sales to get the right people into the club. It’s a great opportunity for us to do something meaningful.” . “

Given that goalkeeper Kepa is believed to exceed Chelsea’s requirements, and doubts about the future of Jorginho and N’Golo Kante, it looks like the money will continue to come out of sales in the weeks ahead.

Atletico Madrid goalkeeper Jan Oblak and West Ham defender Declan Rice are also believed to be on Lampard’s wanted list and with that kind of financial backing behind them, Chelsea are likely to follow. spending.

Online editors

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