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Rivals seek to profit from Chelsea’s fire sale

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Chelsea have embarked on a fire sale following their stunning spending spree, trimming their bloated squad in an effort to comply with financial regulations as they prepare for a new era under Mauricio Pochettino.

In their first year under the ownership of an American consortium, Chelsea spent more on transfer fees than any club has ever done in a 12-month period, only to finish 12th in the Premier League — their lowest placing since 1994.

The arrival of RB Leipzig forward Christopher Nkunku this week has added to the outlay of more than £500 million ($635 million).

But most of Chelsea’s business is focused on departures, with key players in the squad that won the Champions League just two years ago set to leave.

France midfielder N’Golo Kante has already said his goodbyes to join a wave of star footballers heading to Saudi Arabia, with other Chelsea players expected to follow him.

A potential influx of Saudi cash could prove vital to Chelsea’s chances of complying with the Premier League’s financial fair play (FFP) rules.

Clubs are allowed a maximum loss of £105 million over a three-year period, with deductions allowed for spending on infrastructure, youth and women’s football.

Chelsea looked set to be well over that limit, having posted £275 million worth of losses in the final two years of Roman Abramovich’s reign, even before LA Dodgers co-owner Todd Boehly and private equity group Clearlake Capital took charge.

Some of the club’s new signings last season such as Enzo Fernandez and Mykhailo Mudryk were handed eight-year deals to minimise the impact of their transfer fees on the books.

For FFP purposes, transfer fees are spread over the number of years of the contract.

By contrast, sales can be registered in full as soon as they are completed and Chelsea are in a rush to get business done before the end of football’s financial year on June 30.

Havertz, Kovacic On The Move 

A number of Chelsea’s Premier League rivals are circling, keen to take advantage of cut-price deals.

Croatia international Mateo Kovacic is on the verge of joining English champions Manchester City for an initial £25 million.

England’s Mason Mount is the subject of serious interest from Manchester United, with just 12 months left on his deal at Stamford Bridge.

Germany forward Kai Havertz is close to joining London rivals Arsenal for £65 million, while Marc Cucurella could reportedly join Newcastle for around half the £60 million he cost Chelsea to sign from Brighton year.

Saudi interest in Edouard Mendy, Kalidou Koulibaly and Hakim Ziyech is making waves.

All three found themselves out of favour last season and getting their wages off the books along with receiving a significant transfer fee would come as a blessing.

Business links between the Saudi Public Investment Fund (PIF) and Clearlake have resulted in accusations of a conflict of interest.

Former Manchester United captain Gary Neville has called for an embargo on transfers from Premier League clubs to Saudi to “ensure the integrity of the game isn’t being damaged”.

However, the Premier League reportedly investigated any links between Chelsea’s ownership group and the PIF at the time of last year’s takeover and was apparently happy there was no conflict.

The hard work in transforming Chelsea’s fortunes on the field, though, still lies ahead for Pochettino on his return to English football.

The club’s hierarchy are banking on the Argentine to develop the abundance of young talent at his disposal, much like he did as Tottenham boss between 2014 and 2019.

But the competition at the top of the Premier League is even tougher now with PIF-backed Newcastle joining the traditional top six of City, United, Liverpool, Arsenal, Chelsea and Tottenham in the battle for Champions League places.

And Chelsea’s reckless splurge over the past year could end up strengthening their rivals should Havertz, Mount and Kovacic go on to shine at their new clubs.

 

 

 

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Oyo APC Demands Probe of N5.5bn Lekan Salami Stadium Renovation

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The Oyo State chapter of the All Progressives Congress has called on the Economic and Financial Crimes Commission and other anti-graft agencies to investigate the N5.5bn reportedly spent on the renovation of the Lekan Salami Stadium, Ibadan, by the administration of Governor Seyi Makinde.

The party made the call following the reported rejection of the stadium by the Confederation of African Football as a venue for Shooting Stars Sports Club’s continental campaign.

Shooting Stars secured qualification for continental football after about 28 years but will reportedly play its home matches in Abeokuta after the Ibadan stadium failed to meet CAF’s requirements.

In a statement made available to journalists in Ibadan on Tuesday, the Oyo APC Publicity Secretary, Olawale Sadare, described the development as disappointing and embarrassing to the state.

The party alleged that the CAF decision had raised questions about the quality of work carried out at the stadium and the funds reportedly committed to its renovation.

Sadare said the state government should explain why a facility said to have gulped N5.5bn could not secure approval to host a continental competition.

He said, “Everyone in the state should ask Governor Makinde to explain the circumstances surrounding the stadium’s failure to secure approval for the CAF Confederation Cup and provide details of the funds committed to its renovation and upgrading.”

The APC also criticised what it described as the alleged delivery of substandard projects by the Makinde administration, citing the recent erosion that reportedly damaged part of a road project in Bodija shortly after its commissioning.

The party said the stadium’s failure to host Shooting Stars’ continental fixtures was particularly unfortunate because the club’s return to African competition after nearly three decades should have provided Oyo State with an opportunity to showcase its sporting infrastructure to a wider African audience.

The APC therefore urged the EFCC and other relevant anti-graft agencies to investigate the award and execution of the stadium project, establish how the funds were spent and make anyone found culpable to face the law.

It also called on the state government to urgently address the deficiencies identified at the stadium and ensure that the facility is upgraded to meet international standards and capable of hosting major continental competitions in the future.

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UCL Final: ‘I hope last year’s loss to PSG still hurts’ – Wilshere messages Arsenal

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Wilshere messages Arsenal

Former Arsenal star, Jack Wilshere, has sent a message to the Gunners ahead of their UEFA Champions League final with Paris Saint-Germain.

Arsenal will take on the French Ligue 1 giants in the Champions League final this year in Budapest on Saturday evening.

Mikel Arteta’s side had lost 3-1 on aggregate against PSG in the Champions League semi-final stage last year.

Speaking on TNT Sports (via GOAL), Wilshere remembered Arsenal about their last year’s defeat to PSG and urged them to use it as a revenge to get a win against Luis Enrique’s side when both sides meet again this weekend.

“Now that the Premier League is over the line, I know that the Premier League was the one. I know that Mikel wanted that. I know that the boys wanted that,” Wilshere said.

“Now you have to go through some tough times and learn from it. I hope that the Champions League semi-final [PSG 3-1 Arsenal] last year hurt them enough that they can go on and use that [against PSG].

“I think when you are on the pitch, and you are playing against your direct opponent, you learn so much about them. And to face them next year, they will be better for that.”

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Ajibade: Super Falcons Eye World Dominance as Tinubu Rewards Team with Honours, Houses, Cash

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Captain of the Super Falcons, Rasheedat Ajibade, has said the team is determined to become the best women’s football team in the world.

Ajibade spoke yesterday at the Presidential Villa, Abuja, during a reception hosted by President Bola Ahmed Tinubu in honour of the Falcons following their victory at the 2024 Women’s Africa Cup of Nations (WAFCON) in Morocco.

The Nigerian ladies clinched their 10th continental title after a hard-fought campaign, further cementing their status as Africa’s most successful women’s team.

Ajibade, in an emotional speech, said the team’s goal goes beyond continental glory.

“We’re not content to rest on our laurels. Our vision is bold. We want to become the best women’s football team in the world,” the Atletico Madrid star said.

She described herself as “a proud daughter of Nigeria” and paid tribute to the dreams of young girls across the country who look up to the team.

“This victory is not just a trophy. It is a testament to the unyielding spirit of Nigeria. It is a celebration of every young girl in our villages, towns, and cities who dares to dream,” she said.

Ajibade, who spoke on behalf of the team, coaches, and technical crew, thanked the Federal Government for its support and appealed for continued investment in women’s football.

President Tinubu, in his address, conferred national honours of Officer of the Order of the Niger (OON) on all 24 players and the 11-member technical crew.

The President also approved the allocation of three-bedroom apartments to each team member under the Renewed Hope Housing Scheme and a cash reward of the naira equivalent of $100,000 for each player, while members of the technical team received $50,000 each.

He praised the Falcons for lifting the nation’s spirit and inspiring unity through their performance.

“You have inspired millions, especially young girls who now see proof that their dreams are valid and achievable,” Tinubu said.

“You have inspired me too. You represent the hope of today, tomorrow, and the day after. You ignited that hope. And we will continue to encourage you and the next generation.”

The President said the Falcons’ WAFCON victory was not just a sporting feat but a symbol of the courage, discipline and resilience that define Nigerians.

“Your victory represents more than a sporting accomplishment. It is a triumph of courage, determination, discipline, and consistency,” he said.

The reception was attended by top government officials, sports administrators, and stakeholders in the football community.

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