EXPLAINED: Chelsea’s transfer plan & how it could succeed | The Football Reporters | ESPN FC

ESPN FC's Mark Ogden, James Olley and Rob Dawson join forces on The Football Reporters to discuss the theory behind Chelsea's transfer policy after another summer of controversial spending from Enzo Maresca's side.

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[HenryWere-ukqo]

I am surprised anyone is bothered to try and understand what Chelsea is doing.
I thought the fashionable trend was coming on line and shout"They spent a billion pounds!"

[HabitualLine-Stepper]

*WARNING*: Long finance rant below...

Chelsea is a classic 10-year asset management play... The clues are there that the Premier League clubs will push for rules/a system that allows clubs to value individual players without having to sell that player to prove a value.

It's likely that a true 'NAV' (net asset value) of a club's squad will emerge that replaces PSR and allows clubs to prove their liquidity/NAV by demonstrating each player's value minus amortised liabilities, without needing to sell the player to prove the value.

The NAV figure is important because the value increase of a player can quickly be multiples of their amortised liability... Cole Palmer is what now? £100m-£125m? So he's only a £6m per year liability on Chelsea's books but his value increase is 10x the £6m annual amortised liability.

Lastly, any NAV rule would also have to limit player registrations, otherwise a model like Chelsea would continue to acquire promising players for £20m-£40m... It might sound counterintuitive, but buying multiple £20m-£40m players actually reduces the risk, because most they might need to write off is £20m-£40m but, like Palmer, a £40m outlay could triple to £120m.

Sorry for the rant but it's my line of work.

[vikashakda]

Im not a chelsea fan but I think this is going to be very successful model and whithin 5 yrs most of the clubs will start following.. It just need lil tweaks

[User-]

Interesting video. Makes a change from usual "chelsea spend alot" that comes from media

[IrishSnwbrdr]

Can’t believe ESPN put out some actual journalism. Would be cool to see them keep it up

[adonisdstud]

Ogden is such a hack. Not even hiding it 😂

[nc]

People are quick to forget the transfer ban that predated Clearlake coming in and hamstringed the makeup of the team

[luismontesinos]

Just because these owners have a different approach to managing a football club doesn't mean they don't know what they're doing, it was always supposed to be a three to four year project with a complete restructuring of the club I believe they're on the right track only time will tell

[thabanimaluleka]

Mark really doesn't like Chelsea 😂

[rayjaffer]

Excellent balanced and informative content. Well done ESPN!!!

[CommunionCups]

The Chelsea champions league point is lame. Their win was unlikely and an anomaly. On top of that, both Rudiger and Christiansen were gone at the takeover through no fault of Clearlake so their defense, which is how they won the CL was decimated. Mendy then completely lost the ability to be a GK for some reason. Kante could not stay healthy. James and Chillwell haven't been able to play even a 4th of a season. The owners had to make changes quickly to recoup any money on majority of the players they had and have don't really good selling business in that sense. You can question some of the recruitment but the rebuild was a necessity.

[marcusnfishy]

As a Chelsea fan, I'm never going to complain about the owners spending money to buy players. Spend away. They will hit big on some of them. More Cole Palmers. I think Caciedo's great too. Buy some additional CB's next please.

[Frontalemonade]

And if players want to go to Brighton for example as you say. Yes they are on a lower amount per week, who is paying the last 5-6 years of their contracts to end them though if they want to move?

[mariocfc]

Truth is we were the most improved team last season. As long as we continue to improve and stay at the top consistently. Then I dont see how the project is not working.

[fantasyface]

Yes Chelsea had one very very bad season since the new ownership then last year managed to archive European football yes Its not UCL or UEL but its still something, now this season is the Deal Breaker if Chelsea manages to reach Top 4 means the plan is moving in the right direction.

[TinaSatana]

Love yr discussions boys, look forward to new episodes

[williamrobinson]

Virtually every ex-player I have heard has said they would take a a 7 or 9 year deal all day long.

[kafeeliqbal]

love this type of show!!!! keep it hoing

[PaulNolanofficial]

you guys all need pop filters for the mics

[kenanreiss]

Liverpool seem to do okay with their squad building and spend pennies in comparison to us