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Tag: wesley Fofana

  • How the new UEFA rules will impact Chelsea’s contracting strategy

    How the new UEFA rules will impact Chelsea’s contracting strategy

    How the new UEFA rules will impact Chelsea's contracting strategy
    Chelsea took advantage of accounting principles by giving new signees long contracts

    UEFA responded by closing the loophole

    Todd Boehly likes to portray himself as the archdestroyer, “creating value where there are value gaps” and “always on the lookout for structural advantages”.

    When he became chairman of Chelsea in the wake of the £4.25bn takeover of BlueCo a year ago, Boehly quickly exploited a loophole in the murky world of football finance.

    By handing out unusually long contracts to his band of new recruits, the venture capitalist had found a way to spend more than £500m over two transfer windows, whilst staying within the confines of Financial Fair Play (FFP) rules.

    However, UEFA, European football’s governing body, has closed the gap in its financial framework with the latest rule change. Here’s how it will affect Chelsea and other experienced operators in Europe. How did Chelsea use the old contract rules?

    Chelsea have taken the annual depreciation accounting technique to breaking point under the old regulations. Depreciation is simply the practice of distributing a player’s transfer fee evenly over the life of a contract.

    How the new UEFA rules will impact Chelsea's contracting strategy
    For example, Wesley Fofana signed a seven-year contract when he joined Chelsea from Leicester last summer for an initial £70m fee.

    That gigantic sum would cost just £10m a year to the club’s accounts (70 divided by seven). If Fofana had signed a four-year contract, Chelsea’s books would show a loss of £17.5million each year (70 divided by four).

    The write-off only affects the accounts of each club and does not determine how the fees are actually transferred to the selling team.

    Players like Enzo Fernandez, Mykhailo Mudryk and Benoit Badiashile have dedicated their futures to Chelsea for over half a decade.

    Nicolas Jackson signed an eight-year contract this summer. However, the new UEFA regulations have caught up with Chelsea’s accounting wrangles.

    What are the new UEFA contract rules?
    UEFA cannot forcibly limit the length of a contract a club is willing to offer a player: as long as the FA has no objection, Chelsea can continue to offer long-term deals.

    However, new UEFA rules stipulate that clubs can only cancel a player’s transfer fee for up to five years. Although Jackson has signed an eight-year contract, his £32m fee can only be divided into annual losses of £6.4m (32 divided by five).

    Under the previous rules, Chelsea could only have lost four million pounds a year (32 divided by eight). Clubs can still spread the cost over several years by extending a player’s contract. But again, depreciation can only be spread over up to five years.

    How the new UEFA rules will impact Chelsea's contracting strategy
    The executive committee approved these changes in the hope that they will “ensure equal treatment for all clubs and improve financial viability”.

    Chelsea weren’t the only disruptive factor UEFA had in mind when making the annual changes.

    Juventus were granted a 10-point deduction in Serie A last season – which cost the club a Champions League position – as punishment for financial irregularities.

    One of the main offenses Juve were accused of was artificially inflating player values ​​in swap deals.

    Under the latest rules, UEFA tried to deny clubs any possibility of profiting from these deals.

    According to the international accounting standard, to which rights swaps must now be subject, no profit can be recognized on the sale if the fair value of a player cannot be determined.

    Given the difficulty of determining true value in a market as volatile as football transfers, this rule change could cause plenty of problems for creative accountants across Europe.

    When will the new regulations come into effect? The 2022/23 season will go down in history as the first and last season in which Chelsea were able to take full advantage of this gap.

    From 1 July 2023, the start of the new financial year for football clubs, the UEFA changes will come into effect.

    Will the rule be backdated?
    UEFA may be bitter about Boehly’s cheeky tactics, but they cannot retroactively penalize the cheeky American for exploiting the system.

    The rule will not be backdated, ensuring that Chelsea’s 2022/23 tally continues to look far more flattering than their extravagant spending would suggest.

    The club have also launched an early bailout and, as of June 30, have racked up over £130m in player sales, which will also count towards last season’s accounts.

  • Wesley Fofana ‘confirms’ a £17 million transfer to Chelsea after a’secret’ medical, and four agreements are made public.

    Wesley Fofana ‘confirms’ a £17 million transfer to Chelsea after a’secret’ medical, and four agreements are made public.

    Wesley Fofana 'confirms' a £17 million transfer to Chelsea after a'secret' medical, and four agreements are made public.
    Chelsea transfer news: The Blues are set to complete another transfer this summer with Edouard Mendy set to leave but a deal has already been confirmed beforehand.

    Wesley Fofana pulled out all the stops but confirmed a move to Chelsea this summer before it was officially announced. It was a bit hasty to say goodbye during the period when the Frenchman left Stamford Bridge almost daily.

    Although they’ve only played one game together all season, the two seem to have developed a good relationship off the pitch as well.

    As they both speak French and are goalkeepers, their lack of playing time together speaks to the ongoing individual and collective struggles. After Fofana signed for the club, Mendy was injured for most of the rest of the season and also out of form.

    Wesley Fofana 'confirms' a £17 million transfer to Chelsea after a'secret' medical, and four agreements are made public.
    Their only appearance came in Thomas Tuchel’s last game, in September 2022. Since then, their mutual injury woes have meant that overlapping misfortunes have had few coincidences.

    Unlike Kante, Koulibaly and Mateo Kovacic – who have been confirmed at Manchester City – Mendy is yet to be announced in Saudi Arabia but is on track with Fabrizio Romano writing there will be a move to London on Monday to undergo medical treatment secret before the move.

    He was also seen out in the countryside and wearing a green scarf around his neck before an announcement was made.

    For Fofana, he first blinked and wrote on Instagram, “[Original] My big brother, I will miss you, all the best to you and your family.”

    He released Mendy’s own upload from late 2022 in which he celebrated a personal achievement, winning the Club World Cup and the Africa Cup of Nations.

    Read also……

    Chelsea ‘ Think’ about using one stone to kill two birds, with Lukaku exchange transfer that would see ex-Arsenal target join

    Chelsea ‘ Think' about using one stone to kill two birds, with Lukaku exchange transfer that would see ex-Arsenal target join
    CHELSEA are reportedly considering a move that would “kill two birds with one stone” by including Romelu Lukaku in a deal for Dusan Vlahovic.

    The Blues are currently going through a massive cleanup as they look to revamp their squad under new boss Mauricio Pochettino.

    One of those likely to walk out is £97.5m forward Lukaku.
    The 30-year-old Belgian international played on loan at Inter last season and would like to move to the San Siro.

    But Chelsea have so far rejected Inter’s offer to bring on the former Everton and Manchester United side for another season. Lukaku was also offered a lucrative transfer from Saudi Arabia but didn’t accept that either.

    Now The Telegraph says Juventus are keen to sign him as a possible replacement for Dusan Vlahovic.
    The 23-year-old Serbian has long been a transfer target for Arsenal but now Chelsea could make a splash as they are also in the new market for a new striker.

    Chelsea ‘ Think' about using one stone to kill two birds, with Lukaku exchange transfer that would see ex-Arsenal target join
    And this new report states that bringing Vlahovic “and sending Lukaku to Juventus would kill two birds with one stone for Chelsea”.

    Milan would also be interested, but the deal “shouldn’t materialise”. Chelsea have been open to Lukaku’s return to Stamford Bridge and a fresh start under Pochettino.

    But the player himself has made it clear that staying in Italy is his goal.
    Blues bosses will have further talks over his future this week.

    And this update claims that “there is still recognition on all sides that it is in everyone’s interest” to get things done quickly.

    We previously reported that Juventus value Vlahovic at £68m and club bosses are keen to sell him this summer. The striker joined the club from Fiorentina for £62m in January last year but struggled to find his form, scoring just ten Serie A goals last season.

  • Thomas Tuchel starts a £34 million Chelsea bidding war as a hidden Inter Milan transfer meeting is made public.

    Thomas Tuchel starts a £34 million Chelsea bidding war as a hidden Inter Milan transfer meeting is made public.

    Thomas Tuchel starts a £34 million Chelsea bidding war as a hidden Inter Milan transfer meeting is made public.
    Mauricio Pochettino takes summer break at Chelsea this summer and Kalidou Koulibaly faces uncertain future amid reported interest from Bayern Munich and Inter Milan

    Chelsea appear poised to stage a bidding war for the signing of Kalidou Koulibaly, who faces an increasingly uncertain future at the club.

    The 31-year-old defender has been heavily linked with a departure this summer following his unimpressive performance last season.

    Koulibaly, whose contract at Stamford Bridge expires in 2026, has made 23 Premier League appearances for the Blues, keeping eight clean sheets.

    With Levi Colwill expected to play a key role under Mauricio Pochettino, alongside Wesley Fofana and Benoit Badiashile, competition will be stiff for the Senegalese international.

    While Koulibaly may not necessarily have a bright future at Chelsea, there are a handful of clubs across Europe who are certainly eager to get him signed.

    According to Sky Sports, Simone Inzaghi met with Inter seniors to discuss their plans for the summer transfer window.

    The report says they discussed a potential deal to sign Koulibaly after Milan Skriniar confirmed his move to Paris Saint-Germain.

    Sky Sport added that Inzaghi and the Inter managers have also spoken of a possible return of Romelu Lukaku, who was loaned from Chelsea this season.

    Thomas Tuchel starts a £34 million Chelsea bidding war as a hidden Inter Milan transfer meeting is made public.
    However, it seems that Inter Milan are facing stiff competition in the race to sign Koulibaly, who only wants the Blues to prepare for a bidding war. In an interview with wettfreunde.

    net, transfer market expert Di Marzio revealed that the Senegalese star is on Bayern Munich’s shortlist.

    Koulibaly left Napoli for Chelsea in a £34m deal during the reign of Thomas Tuchel, and it seems the German manager still has a soft spot for the towering defender. Di Marzio said:

    “Bayern Munich also want a central defender. I know Koulibaly is on their list. He is also on Inter’s list.

    “Inter will talk to Chelsea these days about taking him on loan, but he has a very high salary, so Bayern can probably pay him more than Inter.

    But we will see what can be the perfect solution because Tuchel wanted Koulibaly at Chelsea so let’s see if he wants him back.”

    Last summer, Graeme Souness wondered if Koulibaly had what it takes to succeed at Chelsea. Speaking on talkSPORT, the former Liverpool defender said:

    “I look at him now and think, ‘You’re 31 – I thought you were this big, strong, aggressive player who would attack anything in our box? “”

    “I’m not saying it happened to him… but when you get over 30 you start to wonder if this challenge is still for you. He has to realize he’s playing in the Premier League. He’s going to have to do that . to face this challenge.

    Read also………..

    Superstar will join Chelsea for €80m, but contract negotiations have already begun.

    Despite Andre Onana, his cross-town rival, taking the lead in recent days, Mike Maignan is still frequently mentioned in connection with a move to Chelsea
    Despite Andre Onana, his cross-town rival, taking the lead in recent days, Mike Maignan is still frequently mentioned in connection with a move to Chelsea at the moment.

    The reason for this isn’t that the Blues believe Onana is superior; rather, they appear to favor Maignan.

    The transfer fee is the issue; the Cameroon stopper appears to be available for much less than Maignan. According to TuttoMercatoWeb, the price for him is closer to €60 million, with Onana rumors claiming that AC Milan will only accept an offer of €80 million.

    That’s a significant difference, but we’ve learned over the years that trying to save money in the short term can actually result in spending more money overall. As they say, always buy twice.

    If we want Maignan, though, we must act quickly. According to the same article, he is negotiating a new contract with Milan that will last until 2028, and if Chelsea doesn’t press the matter, he will likely sign it.

    Read also………..

    ‘Done’ according to Fabrizio Romano, Chelsea will now confirm its first summer signing next week

    ‘Done’ according to Fabrizio Romano, Chelsea will now confirm its first summer signing next week.Fabrizio Romano now asserts that Chelsea will reveal the acquisition of Christopher Nkunku from RB Leipzig the following week.

    Once the deal was finalized late last year for the Blues to sign him, he posted a message on Twitter to confirm the news.

    It has been widely reported that a deal for Nkunku was reached almost immediately after the previous summer transfer window closed.

    Before the season even started, they set him as a target to sign, but they encountered problems when he agreed to a new contract with a Bundesliga team.

    However, rumors started to circulate that the Blues had made attempts to sign him and that his contract with the German club contained a release clause.

    Nkunku is scheduled to begin next week.

    ‘Done’ according to Fabrizio Romano, Chelsea will now confirm its first summer signing next week.
    Romano has now confirmed that the deal will be disclosed after Nkunku has finished competing for his country in a week.

    No modifications, problems, or issues with the Christopher Nkunku deal, he declared.

    ‘Understand Chelsea originally agreed with RB Leipzig to announce Nkunku after his final games of the season with France (June 19). Contract signed in December; medical completed in September (!).
    ”.

    After much silence since they initially thought they had signed him, supporters will be thrilled to hear an announcement for the signing.

    It is now time for the team to move on to other candidates who will be strengthening their team in preparation for new manager Mauricio Pochettino’s attempt to rebuild.

    They appear to have prioritized a deal for Moises Caicedo of Brighton after missing out on the addition of Manuel Ugarte, but this will probably cost them a significant sum of money.

    Read also…………

    “Becoming an urgency” – Mauricio Pochettino asks the Chelsea board to sign a player

    "Becoming an urgency" - Mauricio Pochettino asks the Chelsea board to sign a player
    New Chelsea boss Mauricio Pochettino has “expressly requested” Chelsea’s board to sign a player, according to a report today.

    The Blues boss won’t officially begin his role until July 1, but he’s already getting down to business and planning his roster for next season.

    We know the squad needs a little more preparation, and it’s the midfield that has been labeled ‘urgent’.

    This was stated by journalist Rudy Galetti, who this week spent a few words with GIVEMESPORT on the situation.

    Galetti says Pochettino has urgently requested Brighton midfielder Moises Caicedo after Chelsea lost Sporting Lisbon’s Manuel Ugarte last week.

    Galetti said: “Pochettino specifically asked the Brighton player to strengthen the midfield and now, with Kante gone, Moises becomes a matter of urgency.”

    The view from Chelsea News

    Caicedo is a top notch player who has all the tools to become world class.

    He also has vital Premier League experience and would be a great addition to Chelsea’s squad if he replaces Enzo Fernandez in the double pivot under a Pochettino system. It will be expensive but it must be said that it is worth it.

  • Christopher Nkunku breaks his silence on Chelsea transfer with a message from Mauricio Pochettino

    Christopher Nkunku breaks his silence on Chelsea transfer with a message from Mauricio Pochettino

    Christopher Nkunku breaks his silence on Chelsea transfer with a message from Mauricio Pochettino

    Christopher Nkunku is set to join Chelsea in the summer transfer window, having signed a preliminary contract last year before moving to Stamford Bridge for £52million.

    Christopher Nkunku has answered questions about his likely move to Chelsea this summer during his international cap with France.

    The Frenchman signed a preliminary contract last year and will complete a £52m move to Stamford Bridge ahead of next season, according to football. london.

    The 25-year-old won the Bundesliga Golden Boot – despite missing two months of the season through injury – scoring 16 goals in just 25 league appearances.

    Chelsea are in desperate need of a goalscorer after Kai Havertz and Raheem Sterling were the Blues’ top scorers last season with nine goals each.

    “The signs are very, very clear that he is moving to Chelsea,” RB Leipzig sporting director Max Eberl told BILD recently. Nkunku scored a goal and provided an assist as he helped Leipzig win the DFB-Pokal in his last appearance for the German side.

    Chelsea defender Wesley Fofana has been asked about his compatriot’s arrival ahead of the summer transfer window. Fofana replied: “If that happens, I will be very happy.”

    However, Nkunku remained hesitant about his future and the summer transfer window, saying on international duty:

    “My goal is to get closer to Les Bleus. We will have time to think about everything that will happen next.

    Asked about his preferred position and where he could play under Mauricio Pochettino at Stamford Bridge, Nkunku added:

    “I play where the manager decides.” I don’t want to be a problem but a solution.
    “But I can be in front, in support or on the sides. I have the ability to adapt, I like being free.”

    Read next…………

    Complete list of all Chelsea 2023/24 summer transfer in and out after Mauricio Pochettino signing

    Complete list of all Chelsea 2023/24 summer transfer in and out after Mauricio Pochettino signing
    Chelsea transfer news: Mauricio Pochettino is set to take charge of a bloated squad in early July and will face a series of changes in the summer transfer window

    After a disappointing 2022/23 season, Chelsea will once again undertake a major squad overhaul in the summer transfer window.
    The Blues finished 12th in the Premier League table, losing 16 of their 38 games.

    Their poor performance marked the club’s worst season since the Premier League’s inception in 1992, in which they finished just 10 points above the relegation zone.

    The focus has been on next season for some time, with expectations around Stamford Bridge skyrocketing following the appointment of Mauricio Pochettino.

    Despite spending more than £600m on signings over the past 12 months, Boehly and Clearlake Capital are set to show their checkbooks again this summer.

    A new goalkeeper, midfielder and striker are believed to be on the club’s radar for the transfer window to open next week. With this in mind, football.

    london brings you a comprehensive list of all messages in and out of Cobham.

    Incomings

    Kendry Paez – £17.27m (Independiente del Valle)

    Bryan Fiabema (Free agent)

    Xavier Simons (Hull City)

    Dujon Sterling (Rangers)