Boehly is said to be curbing Chelsea’s spending amid financial fair play concerns

Boehly led the consortium that bought the Premier League side in May after the UK government received assurances that former Blues owner Roman Abramovich would not benefit financially.

Abramovich had put the club up for sale after being sanctioned following Russia’s invasion of Ukraine, with acquisitions of Boehly and Clearlake Capital ending a 19-year tenure by the Russian at Chelsea.

Chelsea were the most successful team during the Abramovich era, winning 21 major trophies including five Premier League titles and two Champions League crowns.

That success came after significant investments from the Russian oligarch but Boehly cannot foresee similar spending as Chelsea prepare for a new dawn under the American.

“Financial fair play is starting to develop and that will limit the ability to win players at all costs,” Boehly said at the SuperReturn International conference in Berlin.

“UEFA takes it seriously and will continue to take it seriously.
[More
teeth]
means fines and exclusion from sporting competitions.”

Earlier in the week, LaLiga filed another UEFA complaint against Paris Saint-Germain for FFP violations, like they did with Manchester City last April.

LaLiga boss Javier Tebas has repeatedly expressed his disappointment at the overspending, with PSG being taken to court over their actions.

That’s perhaps why Boehly is considering alternative sources of income to further support the Stamford Bridge cause as he seeks to bring an American mindset to English football.

“We think the global presence of this sport is really underdeveloped,” Boehly said. “There are four billion fans of European football. There are 170 million fans of the NFL.

“Global club football accounts for a fraction of NFL media money. We will also think about how we can generate more revenue for the players?

“If you look at yourself
[NBA’s]
LeBron James, for example, has an entire shop and team dedicated to what’s off the court.

“So I think there’s an opportunity to capture some of that American mentality into the English sport and really develop it.”

See also  Super Bowl champ coach issues stern warning to Eagles leadership

Leave a Comment