Chelsea lost $ 56 million because of coaches
According to the Daily Mail, Chelsea reached an agreement to compensate Potter 13 million pounds ($ 16 million) for canceling his contract more than four years ahead of time. Normally, the team that breaks the contract will have to pay the coach's salary in full for the rest of the time, Potter's case can be up to more than 60 million USD. However, with the above agreement, Chelsea significantly reduced the cost of sacking the coach.
This is the third time Chelsea has spent money on the contracts of the coaches, since the owner Boehly bought Chelsea in the early summer of 2022. The first time, they spent $ 12 million to cancel Thomas Tuchel's contract on September 7, 2022. , when disagreeing in the way of work. A day later, Chelsea paid Brighton $ 28 million to break Potter's contract, bringing the English coach back to Stamford Bridge. Less than seven months later, Chelsea fired Potter again.
Last week, Chelsea released financial statements, with a loss of $ 150 million for the fiscal year 2021-2022. The report does not include the more than $680 million Boehly used to recruit players for the 2022-2023 season, refreshing most of the main squad.
Therefore, the British media predicts that Chelsea will have to tighten their belts in the coming seasons. They are currently ranked 11th in the Premier League, almost no chance to enter the top 4 to attend the Champions League next season. The team has another door to win the Champions League this season, but difficulties await when the giants Real Madrid in the quarterfinals ahead. If not participating in the European Cup next season, Chelsea could lose $ 100 million.
Player acquisition costs are amortized based on the number of years the contract has been signed. But the coach contract termination fee will be accounted in the current fiscal year. Therefore, the amount of $ 56 million spent on the changes of the past two coaches will be included in Chelsea's expenses in the 2022-2023 season.
UEFA's Financial Fair Play rules state that teams cannot lose more than $130 million from a single club for three consecutive seasons, according to the organization's own accounting. The big money to appoint - sack the coach has brought Chelsea closer to the boundaries of UEFA.
