Chelsea splurged on the transfer market in the past year. After the takeover by American Todd Boehly, hundreds of millions were spent. This happened only after the Premier League received assurance that there were no financial ties to Saudi Arabia associated with the club.
According to The Telegraph, Boehly had to demonstrate that he had no affiliations with the country. After his arrival, he went on a spending spree, but only after the FA was assured that there were no Saudi financial influences responsible for the club's transfer policy. However, it was later revealed that the Saudi Public Investment Fund (PIF) had made substantial investments in Clearlake Capital, the company that holds the majority stake in Chelsea.
Nevertheless, the British outlet reports that Chelsea has once again provided guarantees to the English Football Association. The club has been able to demonstrate that there are no Saudi influences on the policy of the top club. This occurred after questions were raised when it became known that Boehly hoped to leverage his ties with the investment group to offload a group of players who were putting significant pressure on the wage structure.
Chelsea made headlines last week as the club aimed to offload a large number of players. Midfielder N'Golo Kanté has already departed for Saudi Arabia, signing a lucrative contract with Al-Ittihad. Hakim Ziyech, Edouard Mendy, and Kalidou Koulibaly also appear to be on their way to the same league. Callum Hudson-Odoi, who was loaned to Bayer Leverkusen in the past season, is also reportedly heading to Saudi Arabia.
The selling spree is not yet over. Boehly, who was present in the country last week, wants to offload even more players. Due to the massive interest from Saudi Arabia and the quick pace of negotiations, questions have been raised by the Premier League, especially because Chelsea has a strong incentive to generate quick profits. The London club intends to sell thirteen players, which would result in a reduction of €2.5 million in weekly wage costs.
