{"id":302127,"date":"2023-12-12T17:43:03","date_gmt":"2023-12-12T17:43:03","guid":{"rendered":"https:\/\/sportstons.com\/?p=302127"},"modified":"2023-12-12T17:43:03","modified_gmt":"2023-12-12T17:43:03","slug":"chelseas-rivals-to-push-for-a-cap-on-contract-amortisation-rules","status":"publish","type":"post","link":"https:\/\/sportstons.com\/soccer\/chelseas-rivals-to-push-for-a-cap-on-contract-amortisation-rules\/","title":{"rendered":"Chelsea's rivals 'to push for a cap on contract amortisation rules'"},"content":{"rendered":"
Chelsea are set for a tense Premier League shareholders meeting today, with their rivals set to push for a cap on contract amortisation rules, according to reports.<\/p>\n
The Blues have spent \u00a31bn since Todd Boehly arrived at the club, but have managed to adhere to Financial Fair Play (FFP) rules by handing a number of their players long-term contracts of up to eight years to spread the cost across a longer period.<\/p>\n
UEFA closed this loophole in June by introducing a five-year limit for the spread of transfer fees, but confirmed that long-term contracts that had already been signed would not be affected.<\/p>\n
Top flight teams are keen for the Premier League to follow UEFA’s lead and put their own five-year limit on contract amortisation, and will push for the change to be made at today’s meeting, as reported by The Telegraph<\/span>.<\/p>\n Their report claims some clubs are keen for the rule change, if voted through, to be backdated to the summer, which could spell trouble for Chelsea.<\/p>\n <\/p>\n Todd Boehly’s Chelsea have adhered to FFP rules by spreading the cost of transfer fees across a longer period after handing a number of their players lengthy contracts<\/p>\n Your browser does not support iframes.<\/p>\n The Blues spent in excess of \u00a3400m over the summer, bringing in Moises Caicedo from Brighton for a British record \u00a3115m fee, while they also splashed the cash on the likes of Cole Palmer, Nicolas Jackson and Romeo Lavia.<\/p>\n All of these players have signed deals until 2030 or 2031, spreading the cost of the transfers across seven or eight years.<\/p>\n In Caicedo’s case, it means his fee has been amortised at \u00a314.4m-a-year across his eight-year contract, but Chelsea’s rivals want this type of deal to no longer be possible.<\/p>\n Clubs are only permitted to lose \u00a3105m across a three-year period, which has been extended to four years due to Covid, under the Premier League’s profit and sustainability rules.<\/p>\n Everton were found guilty of breaching these rules last month and were handed a 10-point deduction, which they have since appealed.<\/p>\n Chelsea could be the next club at risk of breaking the rules, particularly if the rule change is voted through and backdated.\u00a0<\/p>\n <\/p>\n Chelsea spent \u00a3115m on Moises Caicedo (pictured), but have spread his fee across an eight-year period. Chelsea’s rivals want this type of deal to no longer be possible<\/p>\n <\/p>\n The Blues also handed Nicolas Jackson (pictured) a long-term deal, but the striker has failed to deliver at Stamford Bridge so far<\/p>\n It is not clear whether a vote will take place today or if the matter will simply be discussed and potentially voted on in the future.<\/p>\n If a vote goes ahead, it will need 14 clubs to approve the change for it to be given the green light.<\/p>\n This could be the second key vote at a shareholders meeting in the space of a month.<\/p>\n Eight clubs blocked the proposed temporary ban on related-party loans, meaning Saudi-owned Newcastle will be allowed to loan players from Saudi Arabia in January.\u00a0<\/p>\n It’s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n Your browser does not support iframes.<\/p>\nIT’S ALL KICKING OFF!\u00a0<\/h3>\n