Cheslea owner Boehly wary of FFP’s impact on transfer business

Soccer Football – Premier League – Chelsea v Wolverhampton Wanderers – Stamford Bridge, London, Britain – May 7, 2022 Chelsea’s new owner Todd Boehly reacts REUTERS/Tony Obrien

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June 17 (Reuters) – UEFA’s Financial Fair Play rules are becoming clearer and clubs will no longer be able to sign players ‘at any cost’ due to sanction risks, new owner says of Chelsea, Todd Boehly.

An investment group led by Boehly and Clearlake Capital acquired Chelsea in May after former owner Roman Abramovich put the club up for sale following the Russian invasion of Ukraine, which Moscow calls a “special military operation”. Read more

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

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“Financial fair play is starting to have teeth and that will limit the ability to acquire players at any cost,” Boehly said at the SuperReturn International conference in Berlin.

“UEFA takes this seriously and will continue to take it seriously. (More teeth) means financial penalties and disqualification from sporting competitions.”

Boehly, who is co-owner of the Los Angeles Dodgers MLB team, said he hopes to use an American model to develop football’s financial potential and help Chelsea players build a better personal brand.

“We think the sport’s global footprint is really underdeveloped,” Boehly said. “There are four billion European football fans. There are 170 million NFL fans. Global club football is only a fraction of the NFL’s media money.

“We will also think about how to get more revenue for the players?

“If you look at LeBron James (of the NBA), for example, he has a whole company and a whole team dedicated to what’s off the court.

“So I think there’s an opportunity to capture some of that American mentality in English sports and really develop it.”

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Reporting by Aadi Nair in Bangalore; Editing by Peter Rutherford

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