
<p>UEFA looks set to make changes to their Financial Fair Play rules. The governing body of the sport in Europe has allowed teams to <a href="https:\/\/worldsoccertalk.com/news/latest-chelsea-transfers-not-at-fault-for-aimless-spending-20230114-WST-415145.html">spread out transfer fees</a> on players over the duration of their full contract with their new club. However, new tweaks to the rule will reportedly limit this duration to five years.  </p>



<p>The move comes after <a href="https:\/\/worldsoccertalk.com/teams/chelsea-tv-schedule/">Chelsea</a> recently <a href="https:\/\/worldsoccertalk.com/news/chelsea-agree-e100m-deal-for-mykhailo-mudryk-20230114-WST-415528.html">signed Mykhailo Mudryk</a> in a deal potentially worth around $108 million. Not only was it a massive deal, but the Blues also tied down the Ukrainian star to an incredible eight-and-a-half-year contract. This means that Chelsea can value the transfer at just $11 million annually.</p>



<h2>Chelsea smashes spending record, avoids FFP issues</h2>



<p>Mudryk’s contract was one of six similar deals for the Blues since the summer transfer window. Benoit Badiashile and David Datro Fofana both signed six-and-a-half year contracts. Then, Noni Madueke will remain in west London for seven-and-a-half years. Marc Cucurella and Wesley Fofana also signed six and seven-year deals, respectively, from the summer.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<div class="ck-twitter"><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Mykhaylo Mudryk is now completing his medical tests as Chelsea plan to have all official contracts signed in the next few hours. 🔵🩺🇺🇦 <a href="https:\/\/twitter.com/hashtag/CFC?src=hash&amp;ref_src=twsrc%5Etfw">#CFC</a> <br><br>Mudryk contract will be valid until June 2030 as it helps the club for Financial Fair Play and amortization. <a href="https:\/\/t.co/rcMOGfrdnP">pic.twitter.com/rcMOGfrdnP</a></p>— Fabrizio Romano (@FabrizioRomano) <a href="https:\/\/twitter.com/FabrizioRomano/status/1614537244001312768?ref_src=twsrc%5Etfw">January 15, 2023</a></blockquote></div><script async="" src="https:\/\/platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>So far this season, Chelsea have a net spend of about $404 million. This is already a <a href="https:\/\/worldsoccertalk.com/premier-league-tv-schedule/">Premier League</a> record for spending in one campaign. New owner Todd Boehly doesn’t seem to be slowing down just yet either. The American businessman is chasing another midfielder, with <a href="https:\/\/worldsoccertalk.com/news/chelsea-chasing-enzo-fernandez-and-moises-caicedo-deals-20230123-WST-416587.html">Moisés Caicedo and Enzo Fernández</a> reportedly under consideration.</p>



<p>Chelsea, like other similar clubs, have to follow two sets of financial rules. The Premier League has profit and sustainability laws that limit total losses over a three-year period to $129 million. UEFA currently allows clubs to spend up to 70% of their revenue on transfers, agent fees, and player wages.</p>



<h5>New changes protect teams, as well</h5>



<p>One source with UEFA has told <em><a href="https:\/\/www.thetimes.co.uk/article/chelseas-long-term-deals-prompt-uefa-to-set-five-year-limit-x8r3x63j3" target="_blank" rel="noreferrer noopener">The Times</a></em> that the new law will also help protect teams as well. “If other clubs start doing the same with eight-year contracts it will be a mess so we need to protect them,” the source said.</p>



<p>“It is simply shifting a problem to the future. Either a club can get stuck with a player on a high salary that they cannot sell, or if they sell him after three or four years they will not realize much profit [in accounting terms] because a lot of his transfer fee has not been amortized.”</p>



<p>Any new rule will not, however, affect previous deals made by Chelsea or any other club. It would only influence future transfers.</p>



<p><em>PHOTO: IMAGO / PA Images</em></p>


UEFA is looking to close a loophole in their FFP rules after Chelsea broke the bank in the January transfer window with record spending.

UEFA to close FFP loophole due to Chelsea long-term deals

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UEFA to close FFP loophole due to Chelsea long-term deals