Chelsea FC and Roman Abramovich will be thrilled that the upcoming Financial Fair Play regulations just require clubs to make progress towards breaking even in the early years of its existence. Over the past year, Chelsea has spent, and ultimately wasted, more money on managers than many top-flight professional teams spend on their entire squads.
Chelsea’s Managerial Changes Have Cost £42m
According to Chelsea writer/journalist Dan Levene of the Fulham Chronicle, it cost Chelsea a combined £28m to buy out Carlo Ancelotti and bring in the now fired Andre Villas-Boas. Chelsea reportedly had to pay £13.2m to buy out Villas-Boas' contract at FC Porto, meaning that the Ancelotti buyout was worth just under £15m.
Villas-Boas' contract was worth £14m over three years and Chelsea will probably pay him most, if not all, of that money. That means that Chelsea's last two managerial hirings and firings have cost them in the neighborhood of £42m. Whoever they hire at the end of the season is unlikely to come cheap. Additionally, the squad needs an overhaul and Financial Fair Play will actually start to restrict what a club like Chelsea can do in a few seasons. For the sake of the club, Abramovich should make sure he's a bit more careful (and patient) with his next hire.
For more on the Blues, head over to Chelsea FC blog We Ain’t Got No History.
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