Chelsea owner, Todd Boehly, has come out to warn the club that he will no longer be able to sign players “at any price” due to the risks of sanctions from breaching UEFA’s financial fair play rules.
Chelsea New Owner Boehly Says He will not Spend like Abramovich
Boehly led an investment group to take over the Blues last month. The American bought the English Premier League club after Roman Abramovich put the club up for sale following Russia’s invasion of Ukraine.
Chelsea has been the most successful team in England since Abramovich bought the club in 2003, mostly due to the Russian’s investment. But the new owner Boehly said at the SuperReturn International conference in Berlin that due to the financial fair play rule he will not be able to bring in new players.
He said: “Financial fair play is starting to get some teeth and that will limit the ability to acquire players at any price.” He also said:
“UEFA takes it seriously and will continue to take it seriously. [More teeth] means financial penalties and disqualification from sporting competitions.” With this new development, the might not be a bit to bring in new players to the club again until they release a reasonable number of players from the club. Antonio Rudiger has already left the club with Christiansen leaving just Thiago Silva as the only experienced central defender.