Learn more

The respective approaches of the current ownership regimes at Chelsea and Tottenham could not be further apart. Since Todd Boehly and Clearlake Capital bought Chelsea for £2.5bn in 2022, they have seemed determined to uproot the entire system. As well as going on a truly unprecedented signing spree that has seen their net spend spiral towards £800m, Chelsea have also been forced to find creative ways to circumvent PSR. At first that was exploiting an accounting loophole that meant they were able to amortise player transfer fees over contract lengths of up to nine years. Then, the club sanction…

cuu