New Chelsea owner warns financial fair play rule will limit clubs’ ability to acquire players

play article
Subscribers can listen to this article
Chelsea’s new owner Todd Boehly. Photo: Robin Jones/Getty Images
Chelsea’s new owner Todd Boehly. Photo: Robin Jones/Getty Images


Uefa’s financial fair play rules are starting to get some teeth and clubs will no longer be able to sign players “at any price” due to the risks of sanctions, said Chelsea’s new owner Todd Boehly.

An investment group led by Boehly and Clearlake Capital acquired Chelsea last month after former owner Roman Abramovich put the club up for sale following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”.

Chelsea have been the most successful team in England since Abramovich bought the club in 2003, thanks in large part to the Russian’s investment.

At the SuperReturn International conference in Berlin, Germany, this week, Boehly said:

Financial fair play is starting to get some teeth and that will limit ability to acquire players at any price. Uefa takes it seriously and will continue to take it seriously. [More teeth] means financial penalties and disqualification from sporting competitions.

Boehly, who is part-owner of the Los Angeles Dodgers Major League Baseball team, said he was hoping to use an American model to develop football’s financial potential and help Chelsea players build better personal brands.

“We think the global footprint of this sport is really undeveloped,” Boehly said.

“There are 4 billion fans of European football. There are 170 million fans of NFL. Global club football is a fraction of the NFL media money.

“We are also going to be thinking about, how do we get more revenues for the players? If you look at [the NBA’s] LeBron James, for example, he has a whole business and a whole team dedicated to what’s not on the court.

“So I think there is an opportunity to capture some of that American mentality into English sports and really develop them.” – Reuters


Delivering the 

news you need

+27 11 713 9001
69 Kingsway Rd, Auckland Park

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Show Comments ()
Latest issue
Latest issue
All the news from City Press in PDF form.
Read now
Voting Booth
Stats SA's recent consumer price index data this week indicated the rise in food prices was the largest in 14 years. Economists say continued load shedding also adds to the rise in the cost of food production. How are you feeding your family during this tough time?
Please select an option Oops! Something went wrong, please try again later.
I have a food garden
6% - 63 votes
I rely on sales
22% - 223 votes
I buy necessities
72% - 726 votes