The Blues, according to the Telegraph, have opened up some FFP breathing space with three key moves
The sale of Fernando Torres, the new sponsorship deal with Yokohama Rubber and the renewal of Eden Hazard's contract.
Jake Cohen of LawInSport told the Telegraph that having increased the length of Hazard's deal, the outlay on his contract is spread further, lowering each year's spend.
“It is not widely known outside football accounting that clubs can actually save themselves money in terms of FFP costs by giving their players new contracts, even if they are earning more,” said Cohen.
“Although Hazard’s wages have increased from approximately £9.62m a year to £10.4m annually, his FFP ‘book’ value has gone down. That’s because his £32m fee was amortised at £6.4m a year over an initial five-year contract.
"That deal had two-and-a-half years left to run, so the remaining £16m in ‘book’ value was spread out over the new five-and-a-half-year contract Hazard signed in February, decreasing his annual FFP cost from £6.4m to £2.91m.
"So even with the increase in wages, Hazard will cost Chelsea £2.71m less a year in FFP money from this summer.”
Cohen added: “There is no doubt Chelsea have the freedom to spend big money this summer.
“Unlike the last two years, Jose Mourinho does not have to rely heavily of significant player sales to fund incoming transfers and meet FFP rules.”
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