David Ornstein shares Chelsea FFP update after Everton’s second charge

Add as preferred source on Google

Chelsea’s FFP situation has now been explained by David Ornstein.

The Premier League seem to be clamping down on FFP breaches now more than ever before.

Everton and Nottingham Forest have both just been charged for breaking financial rules, representing the second time Everton have been sanctioned this season.

Of course, after Everton’s second charge, there have been plenty of questions around some of the bigger clubs who seem to spend whatever they want whenever they want.

As we all know, Chelsea have spent a massive amount over the past 18 months, but, as of yet, they’ve avoided charges.

Speaking on The Athletic Football Podcast, David Ornstein has shared an update on Chelsea’s situation, and he says that the Blues have actually done very well in terms of falling within limits for the time being, but, after the Premier League’s amortisation rule changes, the London club will have to be careful going forwards.

Chelsea have done well

Ornstein shared what he knows about Chelsea and their spending.

“A lot of people have been saying ‘what is going on with Chelsea?’ Because their spend has been unprecedented since the Todd Boehly and Clearlake Capital ownership came on board. A bit of housekeeping to explain how they are compliant this time around.

“They will have to be careful going forwards, because the costs will continue and it will be interesting to see how they balance the books after the Premier League capped amortisation of transfer fees, from no cap, to a cap of five years.

“We will all be watching closely to see if they sell someone like Conor Gallagher in January because those homegrown players represent pure profit. Whether you like it or not, they’ve actually done quite well financially to fall within the limits,” Ornstein said.

One to watch

Chelsea have managed to steer clear of financial sanctions so far after a huge summer of sales, but this model isn’t sustainable.

The Blues’ transfer spend is still way ahead of anything they’ve recouped, and the fact that those costs can’t be spread over eight years now after this rule change could make things tricky later down the line.

Whether or not Chelsea can stay on the right side of this line remains to be seen, but one thing is for sure, their spending needs to slow down in the coming transfer windows.