More
    HomeSportsVictor Osimhen Nears Personal Terms: Chelsea's Approach to Address FFP Concerns

    Victor Osimhen Nears Personal Terms: Chelsea’s Approach to Address FFP Concerns

    Published on

    By Milcah Tanimu

    Reports suggest that Chelsea is on the brink of activating the release clause for Napoli’s Victor Osimhen, despite apprehensions regarding potential violations of the English Premier League’s Profit and Sustainability regulations, as per Soccernet.ng.

    The former LOSC Lille striker, who made a move to Napoli for approximately €75 million, could now command a fee ranging between €120m to €130m due to his impressive performances in Naples.

    Italian journalist Rudy Galetti has indicated Osimhen’s interest in joining Stamford Bridge, as reported by Caughtoffside.

    Osimhen’s potential addition could bolster Chelsea’s attacking prowess, addressing recent struggles in front of goal despite significant squad investments last summer.

    Nevertheless, concerns linger regarding Financial Fair Play (FFP) rules and whether Chelsea must offload players before sealing a deal for Osimhen.

    How Can Chelsea Alleviate FFP Concerns?

    To navigate these worries, Chelsea must carefully manage their financial standing. The club is expected to disclose their accounts for the 2022/23 season soon, with projections suggesting they may fall short of the Profit and Sustainability threshold by £37m.

    While this indicates some level of financial stability, challenges loom ahead, particularly in the 2023/24 season. Consequently, Chelsea’s transfer dealings leading up to the end of the financial year in June might hinge on their ability to generate revenue through player sales.

    Conor Gallagher has been frequently linked with a departure from Stamford Bridge, with clubs like Tottenham Hotspur reportedly expressing interest, and a transfer fee of up to £50m being mentioned.

    Offloading academy graduates like Gallagher could substantially enhance Chelsea’s finances, given that these players incur no transfer costs, resulting in pure profit for the club.

    In addition to Gallagher, Chelsea might need to part ways with two to three more players to facilitate Osimhen’s signing without endangering their financial equilibrium.

    Latest articles

    Food Security: Kwara kicks off Thursday’s Fish Market

    By Olufemi Oni, Ilorin As part of effort to enhance food security and ensure...

    Wike, Azuka-Mbata: Are Ikwerres Igbo?

    By Bola BOLAWOLE [email protected] 0807 552 5533, 0803 521 0193 John Azuka-Mbata’s emergence as the President-General...

    S’West Govs Forum: Sanwo-Olu’s Leadership Complimenting Tinubu’s Efforts – Group

    Governor Babajide Sanwo-Olu has been applauded for driving development, improving security, and building cohesion...

    Ekweremadu’s wife freed from UK prision

    Mrs Beatrice Ekweremadu, wife of former Deputy Senate President, Senator Ike Ekweremadu is back...

    More like this

    Food Security: Kwara kicks off Thursday’s Fish Market

    By Olufemi Oni, Ilorin As part of effort to enhance food security and ensure...

    Wike, Azuka-Mbata: Are Ikwerres Igbo?

    By Bola BOLAWOLE [email protected] 0807 552 5533, 0803 521 0193 John Azuka-Mbata’s emergence as the President-General...

    S’West Govs Forum: Sanwo-Olu’s Leadership Complimenting Tinubu’s Efforts – Group

    Governor Babajide Sanwo-Olu has been applauded for driving development, improving security, and building cohesion...