Ex-Everton CEO opines why Chelsea won’t spend big in the 2024 summer transfer window

Former CEO of Everton Keith Wyness feels Chelsea will be cautious with their spending in summer window

Chelsea has been alerted by the Premier League Financial Fair Play regulation that they are in peril of violating the rule, thus former Everton CEO Keith Wyness feels the club will not be overspending during the next summer transfer window.

The Blues have often spent more money in their transfer windows, which has taken their spending outlay to £1 billion in the last three windows. Other Premier League clubs, such as Everton and Nottingham Forest, have already received sanctions from the league as their points were docked.

And now the Blues could be next in line if they fail to make a satisfactory profit before the start of the summer window. There could be heavy sanctions on the club and the amount of money spent since the change of ownership.

And a warning has already been sent by football finance expert Kieran Maguire, who claims Chelsea will be “very close.” While the Toffee’s former owner, Keith Wyness, claims they will be wary of FFP, he further claimed on Football Insider’s podcast via Mirror:

“The one thing the points deductions for Everton and Forest have done is spook the other clubs. They’ve seen the Premier League take action.” Clubs like Chelsea are now worried about the lunatic loose with a gun, if you like. That’s the Premier League. Chelsea will be worried.”

It’s time to make smart signings!

Inevitably we will exercise caution in our expenditures this time around since, having already made a profit on the signing of a £100 million player, we need to be astute and prudent in our choice of player and amount. To prevent violating FFP, we must adopt a shrewd strategy in our signature.

The Premier League has previously imposed severe sanctions on other teams. We have signed a lot of young, costly players, so it is the right moment to focus our signings on more seasoned players who will fit the system and can be acquired for reasonable prices.

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But before we spend any money in the approaching summer campaign, we need to ensure that we turn a profit that is respectable enough to meet FFP requirements. We can take a similar tack as we did the previous summer when we cleared off a lot of peripheral players and made a sizable profit before going on a spending binge.