UEFA’S financial fair play rules due to come into effect this season are supposed to make teams more financially responsible and not run up ridiculous debts, but it doesn’t seem like anyone’s paying attention because during the transfer window Premier League clubs spent close to half a billion pounds on new players, with Chelsea again splashing the most cash.
Since Abramovich took over in 2003 Chelsea have spent over a £1bn on players and wages, are producing loss after loss and yet they continue to spend as if the rules don’t exist, admittedly they’re not alone but it’s still more than rather disconcerting.
I may well be wrong and at some point later on in the season there will be an announcement or statement and teams will be held accountable for their gross overspending, but at the moment it just seems like teams can do what they like.
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