Union of European Football Associations, UEFA are planning to effect shock changes to Financial Fair Play Rules following Chelsea’s transfer spending, MySportDab reports.
The European football governing body is said to be bracing up for changes in the Financial Fair Play Rules following the current Chelsea transfer strategy.
Chelsea are now signing more big-money players and have found a loophole in European Football Financial Fair Play Rules.
The Blues are spreading the transfer fees of the new signings over a number of years and by so doing avoid being penalized and sanctioned by UEFA for breaching Financial Fair Play Rules.
The Financial Fair Play Rules provide a spending cap for the clubs, limiting the amount of money they can splash on new signings per year.
Now, Chelsea have signed the likes of Mykhailo Mudryk for heavy sums that would have placed the club on the radar of UEFA for breaking FFP Rules.
However, the extended contract they have agreed with the player means that Chelsea will split the £89m transfer fee over the extended number of years they have agreed with the player.
Mudryk signed an eight-and-half-year deal with Chelsea. This means that he is now valued at £11m every year, and that is what will appear in the club’s annual national account.
Spotting the loophole in the FFP Rule, UEFA are now planning to set a five-year limit over which a transfer fee can be spread.
Clubs will still be able to offer longer deals under UK regulations but will not be able to stretch transfer fees beyond the first five years.
The change to FFP rules will come into force during the summer and will not apply to past deals completed by clubs.
Chelsea signed France defender Benoit Badiashile and Ivory Coast striker David Datro Fofana on six-and-a-half-year deals this month.
Noni Madueke also joined the London club on a seven-and-a-half-year contract after the arrival of Ukraine winger Mudryk.
Former Leicester City defender Wesley Fofana also signed a seven-year deal, while left-back Marc Cucurella joined on a six-year contract last summer and Raheem Sterling on a five-year contract.
The Blues have spent a whooping £450m last summer, but the strategy of placing the players on long-term deals is helping the club comply with regulations.
The Madueke transfer took Chelsea’s spending since last summer close to £450m, but the players’ long contracts will help them comply with the regulations.