{"id":297707,"date":"2023-12-12T15:27:30","date_gmt":"2023-12-12T15:27:30","guid":{"rendered":"https:\/\/sportstoft.com\/?p=297707"},"modified":"2023-12-12T15:27:30","modified_gmt":"2023-12-12T15:27:30","slug":"chelsea-transfer-loophole-closed-as-premier-league-rivals-gang-up-on-todd-boehly","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/chelsea-transfer-loophole-closed-as-premier-league-rivals-gang-up-on-todd-boehly\/","title":{"rendered":"Chelsea transfer loophole closed as Premier League rivals gang up on Todd Boehly"},"content":{"rendered":"<h3>Exclusive: Shaun Wright-Phillips discusses Chelsea&#8217;s transfer policy<\/h3>\n<p>Premier League clubs have reportedly voted to limit the number of years over which transfers can be amortised to five, in a major blow to Chelsea chief Todd Boehly. The Blues co-owner has been using long-term deals as a key element of his strategy to spread the cost of transfers and stay on the right side of Financial Fair Play (FFP) restrictions.<\/p>\n<p>This summer, Chelsea set the record for the most money spent by a single club in one window, breaking the record they set in January, which in turn broke the benchmark they initially reached in 2022.<\/p>\n<p>Splashing the cash on big-name prospects and staying within FFP limits has largely been made possible by the use of long-term contracts. Eight-year deals have become commonplace at Stamford Bridge, with a staggering 14 players in Mauricio Pochettino&#8217;s squad tied down until at least 2030.<\/p>\n<p>Such an approach allowed Chelsea to amortise &#8211; or spread &#8211; transfer costs over the length of the contract. For example, an \u00a380million player signing an eight-year agreement could be accounted for at \u00a310m per year.<\/p>\n<p>However, things are about to change. Premier League clubs held a shareholders&#8217; meeting on Tuesday, and The Athletic claim that a vote was passed to limit the timespan over which transfers can be amortised.<\/p>\n<p>The maximum is now set at five years, with at least 14 sides in the English top flight voting to close the loophole. Thankfully for the Blues, the rule change will not be backdated, meaning the \u00a3434.5m worth of signings they made in the summer will be financially unaffected.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/67\/590x\/secondary\/Todd-Boehly-Chelsea-5111578.jpg?r=1702391414723\"><\/p>\n<p>MORE TO FOLLOW<\/p>\n<p>We&#8217;ll be bringing you the very latest updates, pictures and video on this breaking news story.<\/p>\n<p>For the latest news and breaking news visit: express.co.uk\/sport\/football. Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.<\/p>\n<p>Follow us on Twitter @dexpress_sport &#8211; the official Daily Express &amp; Express.co.uk Twitter account &#8211; providing real news in real time.<\/p>\n<p>We&#8217;re also on Facebook @dailyexpresssport &#8211; offering your must-see news, features, videos and pictures throughout the day to like, comment and share from the Daily Express, Sunday Express and Express.co.uk.<\/p>\n<ul>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Support fearless journalism<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Read The Daily Express online, advert free<\/li>\n<li> <svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"> <g clip-path=\"url(#clip0_1078_5986)\"> <\/path> <\/path> <\/g> <defs> <clippath> <rect width=\"23.4329\" height=\"23.4329\" fill=\"white\" transform=\"translate(0 0.134262)\"><\/rect> <\/clippath> <\/defs> <\/svg> Get super-fast page loading<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.images.express.co.uk\/img\/logo\/logo-premium-subscription.png\"><br \/>\nSource: <a href=\"https:\/\/www.express.co.uk\/sport\/football\/1844752\/chelsea-news-transfer-loophole-premier-league-todd-boehly\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Exclusive: Shaun Wright-Phillips discusses Chelsea&#8217;s transfer policy Premier League clubs have reportedly voted to limit the number of years over which transfers can be amortised <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/soccer\/chelsea-transfer-loophole-closed-as-premier-league-rivals-gang-up-on-todd-boehly\/\" title=\"Chelsea transfer loophole closed as Premier League rivals gang up on Todd Boehly\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":297706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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