Tuesday, June 28, 2022

Boehly, the new Chelsea owner, warns that he will not spend as much as Abramovich

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Boehly, the new Chelsea owner, warns that he will not spend as much as Abramovich

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Due to the potential of sanctions from breaking UEFA’s financial fair play rules, Chelsea owner Todd Boehly has warned that clubs will no longer be able to sign players “at any price.”

Boehly, the new Chelsea owner, warns that he will not spend as much as Abramovich

Last month, Boehly led an investor group that bought the Blues.

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Following Russia’s invasion of Ukraine, Roman Abramovich put the Premier League team up for sale, and the American bought it.

Since Abramovich bought Chelsea in 2003, the club has been the most successful in England, owing largely to the Russian’s investment.

“Financial fair play is starting to receive some teeth,” Boehly said at the SuperReturn International conference in Berlin, “and that will limit the capacity to recruit players at any price.”

“UEFA takes it very seriously and will continue to do so.” [More teeth] entails monetary penalties as well as disqualification from sporting events.”

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