Jack Grealish Gary Neville Vladimir Putin Todd Boehly Enzo Fernandez Britain Russia Manchester Ukraine Usa Argentina Clearlake Football Sporting Chelsea Jack Grealish Gary Neville Vladimir Putin Todd Boehly Enzo Fernandez Britain Russia Manchester Ukraine Usa Argentina Clearlake

Chelsea's scattergun spending is no guarantee of success

news24.com

Chelsea's record-breaking last-minute swoop to sign Enzo Fernandez took the Blues' spending in the first year of the club's new ownership to a staggering figure of more than £500 million ($616 million).The Premier League giants splashed out 121 million euros for the Argentina midfielder, breaking the previous British transfer record -- Jack Grealish's £100-million move to Manchester City.Fernandez was Chelsea's eighth signing of the January window, with the spending overseen by Todd Boehly's consortium sending shockwaves around the football world.Less than a year ago there were fears that Chelsea could run out of cash due to sanctions slapped on then owner Roman Abramovich following Russia's invasion of Ukraine.Abramovich was described by the UK government as part of Russian President Vladimir Putin's inner circle.A special licence allowed the club to continue operating and despite an expedited sales process Chelsea fetched £2.5 billion -- a record for a football club.The consortium fronted by Boehly and private equity group Clearlake Capital promised a further £1.75 billion of investment in infrastructure and the playing squad.But nobody saw spending in the transfer market that has obliterated the single-season record for any club across the globe.A lack of instant return on investment on the pitch and Boehly's decision to name himself as the club's interim sporting director has led to mockery of the American billionaire.Chelsea sit 10th in the Premier League table, 10 points adrift of the top four places that secure a ticket for next season's Champions League, and are already out of both domestic cup competitions.Former Manchester United captain Gary Neville described Boehly's approach to the transfer market as similar

Related News
Tenth-placed Chelsea may have suffered a 1-0 defeat to Southampton on Saturday but owner Todd Boehly is reportedly standing by manager Graham Potter. The Mirror says Boehly and the rest of the club’s board will continue to support the Englishman, who has four-and-a-half years left on his contract, despite the 47-year-old being booed off at Stamford Bridge following defeat to the Saints.
Chelsea forward Kai Havertz said he was encouraged by the way the club's new signings are gelling with the team despite the side recording only one win in 2023.
Paris Saint-Germain president Nasser al Khelaifi and Chelsea co-owner Todd Boehly met on Tuesday in Paris to discuss a potential transfer of Neymar, sources have confirmed to ESPN.

Latest News

Change privacy settings
This page might use cookies if your analytics vendor requires them.