This article contains affiliate links, and we will receive a commission on any sales generated from it. Todd Boehly, Chelsea’s co-owner, has approved contract extensions for Enzo Fernandez and Mykhaylo Mudryk, despite concerns about the club’s Financial Fair Play (FFP) situation.
The pair joined Stamford Bridge last season for a combined cost of over £180 million, and their performances have been criticized. Documents released by the FA show that both players have been granted contract extensions, with Fernandez having eight years remaining on his deal and Mudryk with seven.
This decision continues Chelsea’s policy of securing young talent to long-term contracts, even though the club is currently facing FFP regulations and hefty pre-tax losses. Chelsea is determined not to violate the Premier League’s profit and sustainability rules in the midst of FFP pressures.
With two clubs already punished by the Premier League for Profit and Sustainability Rules (PSR) breaches, Chelsea aims to avoid similar consequences. However, the club’s co-owner, Todd Boehly, has yet to see a significant return on his substantial investment, having overseen £1 billion worth of transfer dealings since joining the club.
Additionally, Chelsea recently broke the record for agent’s fees spent by a single club. On the pitch, Chelsea, led by manager Mauricio Pochettino, will face Manchester City in the FA Cup semi-final.
Winning the FA Cup could be crucial for securing European football next season and potentially alleviating financial challenges for the club.