Cole Palmer – the Unprecedented Move by Chelsea in the Transfer Market
On the last day of the summer 2023 transfer window, Chelsea successfully acquired the young talent, Cole Palmer, from Man City for £45 million. This astonishingly high price tag is for a player who has yet to secure a starting position at Etihad and has never been called up to the England national team.
Under their new owner, Todd Boehly, Chelsea spared no expense in signing young, promising players like Cole Palmer. In many deals, they were willing to accept lower prices to achieve their goals. Prior to Palmer, The Blues spent £105 million to acquire Moises Caicedo from Brighton and £50 million to acquire Romeo Lavia from Southampton.
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6686 Game bài_It is worth noting that the Cole Palmer transfer pushed Chelsea’s total spending under Todd Boehly’s reign beyond the £1 billion mark. Moreover, Chelsea achieved this mind-boggling feat within just three transfer windows in one year (2022-2023) without violating the financial regulations of the Premier League and UEFA.
The way Chelsea buys and sells players has made UEFA consider changing the rules. Chelsea invests heavily in young stars and secures them with long-term contracts ranging from 7 to 9 years. Afterward, they spread the transfer fees and bonuses for these players over several years to report their financials, thereby minimizing the actual amount spent.
List of Players Chelsea Signed under Todd Boehly’s Reign
In addition, Chelsea actively pushed unwanted players out and made significant transfer fees from their sales. In the summer of 2023 alone, Chelsea earned nearly £250 million from player sales. The biggest sales for The Blues were Kai Havertz to Arsenal for £65 million and Mason Mount to Manchester United for £55 million.
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