Expert reveals the real cause of Chelsea’s problems

Chelsea

Chelsea are in a huge financial mess, as the new club owners have lavished over £1billion on new signings.

Finance expert Kieran Maguire has slammed the new Chelsea owners BlueCo for potentially putting the club in trouble with FFP.

“Chelsea are not in a brilliant position for when the new squad control costs are introduced,” said Maguire.

“They have had some exceptional problems in the past couple of seasons, including their failure to qualify for Europe and not having a front-of-shirt sponsor for half of the season.

“They also have a bloated wage bill with many legacy contracts including the likes of Romelu Lukaku.

“They are very expensive and are not being recovered while they are out on loan to other clubs.

“Todd Boehly and Co. Have created a lot of this mess and they have to take responsibility – although whether they are prepared to do so is another matter.”