Chelsea to cut salaries of latest signings
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Chelsea to cut salaries of latest signings
Footballers with contracts signed during the Abramovich era will receive their salaries in full.
Chelsea were eliminated from the Champions League by Real Madrid in the quarter-finals and thus add another setback this season.
Chelsea’s failure to qualify for next season’s Champions League will lead to the club’s current salary cut of 300 million, advances the Daily Mail.
Newly signed players are estimated to have wage cuts of at least 30%, which is the case for Enzo Fernández and Sterling, among others.
Footballers with contracts signed during the Abramovich era will receive their salaries in full.
Owners Todd Boehly and Clearlake Capital went on to implement a bonus structure for player contracts linked to Champions League qualification, which would see their salaries fluctuate depending on whether they are playing in the competition.
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