Chelsea must sell to register new signings for Champions League
Club World Cup semi-finalists need to raise more than £60m in sales to ensure new arrivals can play in Uefa competitions after breaching body’s financial rules
https://www.thetimes.com/sport/football/article/Chelsea-uefa-fine-transfers-champions-league-wn2dfwksd
Chelsea are on course to hit the jackpot at the Club World Cup: their victory over Palmeiras in the quarter-final was worth £15.6million alone and took their total earnings so far to almost £60million.
It is a handy windfall, particularly after Uefa inflicted its largest fine on the west London club last week — £27million unconditionally with the threat of a further £51.8million, part of a settlement agreement for breaching the body’s financial rules.
Yet it is not the fines that may have a particularly punitive impact on Chelsea. Rather, it is the sporting sanction to which the club have agreed, as have Aston Villa, who were similarly sanctioned, that poses an interesting dynamic for the rest of the summer transfer window — and likely ups the pressure on selling players.
Club World Cup Team Earnings
Semi-finalists Chelsea are England's highest earners in the tournament.
Team
Participation
Match Earnings
Total Prize Money
Real Madrid
£26.2m
£34.1m
£60.3m
Paris Saint‑Germain
£22.8m
£33.4m
£56.2m
Chelsea
£21.1m
£33.3m
£54.4m
Fluminense
£11.1m
£33.4m
£44.5m
Bayern Munich
£24.5m
£18m
£42.5m
Borussia Dortmund
£19.5m
£18.7m
£38.2m
Manchester City
£27.9m
£9.8m
£37.7m
Palmeiras
£11.1m
£17.9m
£29m
Inter Milan
£17.7m
£9.1m
£26.8m
Al Hilal
£7m
£18m
£25m
Benfica
£12.7m
£9.1m
£21.8m
Flamengo
£11.1m
£9.1m
£20.2m
Botafogo
£11.1m
£8.4m
£19.5m
Juventus
£11m
£8.4m
£19.4m
Porto
£16m
£1.5m
£17.5m
Atletico Madrid
£14.4m
£2.9m
£17.3m
Inter Miami
£7m
£8.4m
£15.4m
Monterrey
£7m
£8.4m
£15.4m
River Plate
£11.1m
£2.2m
£13.3m
Boca Juniors
£11.1m
£1.5m
£12.5m
RB Salzburg
£9.3m
£2.2m
£11.5m
Mamelodi Sundowns
£7m
£2.2m
£9.2m
Al Ahly
£7m
£1.5m
£8.5m
Al Ain
£7m
£1.5m
£8.5m
Esperance de Tunis
£7m
£1.5m
£8.5m
LAFC
£7m
£0.7m
£7.7m
Pachuca
£7m
£0m
£7m
Seattle Sounders
£7m
£0m
£7m
Ulsan HD
£7m
£0m
£7m
Urawa Red Diamonds
£7m
£0m
£7m
Wydad AC
£7m
£0m
£7m
Auckland City
£2.6m
£0.7m
£3.3m
Table: The Times and The Sunday Times
Chelsea will not be able to add players to their squad for the Champions League next season unless their “List A transfer balance is positive”. That’s a requirement in place for at least two seasons. In short, it means that any spending to add to their Uefa-registered squad list must be covered by the income of outgoing players. No Club World Cup bonus can help with that.
Chelsea have a lot of players still to register, having signed Liam Delap, João Pedro and Jamie Gittens, while Estêvão Willian, Dario Essugo, Andrey Santos, Mamadou Sarr and Mike Penders — should they not go on loan — may also need to be added. On Friday Enzo Maresca, the Chelsea head coach, said it was not something “he had paid attention to”. But that may not be so easy.
Chelsea’s “List A” refers to the last squad they registered with Uefa, which was delivered in February for the knockout phase of the Conference League. Crucially, that means Romeo Lavia and Wesley Fofana will need to be registered too, as they were not on that List A.
They, along with new signings, will add costs to the incoming column. The cost of registering a new signing takes into account the salary and amortised transfer fee. So Delap’s £30million signing, spread over his five-year contract, amounts to £6million for this year. Uefa does not accept contract lengths of more than five years, which it limited back in 2023.
A rough calculation of amortised transfer fees alone, not including salary costs, suggests Chelsea may need to find north of £60million to register all the players mentioned above and achieve Uefa’s “positive balance” requirement. Notwithstanding any new deals for players like Fofana or Lavia, which could bring their amortised transfer fee numbers down, the pressure turns to sales.
Fortunately for Chelsea, it appears outgoings do not have to be solely from last season’s List A. Those that were left out of Chelsea’s Club World Cup squad and are due back in training at Cobham from Monday — including João Félix, Raheem Sterling, Ben Chilwell, Renato Veiga and Axel Disasi — can count towards improving their transfer balance. They can be added to List A before the September 2 submission deadline and thus income from their sales will count. It is only if Chelsea’s overall transfer balance is negative after the list is submitted that new players could be prevented from registering.
But moving unwanted players for permanent sums can be troublesome, as Chelsea know well. So others may fall into the picture. Christopher Nkunku’s future is already uncertain, and he is expected to court offers this summer. Noni Madueke, meanwhile, who has been one of Maresca’s better performers and an important player en route to Champions League qualification last season, will not see the club stand in his way should he want to leave, amid interest from Arsenal.
“Noni has been very important for us during this season,” Maresca said. “But my message to the players and to the club is that I want just players that are happy to be with us. The ones that are not happy, they are free to go. It’s not for Noni, it’s for all the players we have.”
Another key performer during the second half of last season is the new England international Trevoh Chalobah, and an exit for him cannot be ruled out either, despite some high praise from Maresca.
“All the players that are here with us, I don’t want to lose them,” Maresca said last week. “We made the Champions League and that’s also because of Trevoh. He helped us a lot. We are happy with him. Unfortunately, when the window is open, anything can happen.”
Chelsea sources remain confident that they will not be adversely affected by this settlement agreement. They stress they are not forced to sell players like Madueke — unless they want to go — and are not concerned about registering players for the Champions League. Indeed, they have not ruled out further moves in the window either.
West Ham United’s Mohamed Kudus is of particular interest and should Madueke go, a move for the Ghanaian is set to become more likely. “He is not our player, so I cannot say anything,” Maresca said. “The only thing is I have known about Kudus since he was in Ajax.”
Unsurprisingly, though, it is very clear that sales will need to precede any other business.