Chelsea prepared to sell key first team player for £60 million
Chelsea are reportedly prepared to approve Reece James’ £60 million summer exit.
In order to balance their budget and avoid penalties for breaking the Premier League’s Profitability and Sustainability Rules, Chelsea are reportedly ready to approve the departure of captain Reece James, according to a report by The Times.
Since being taken over by Clearlake Capital in 2022, the Blues have spent more than £1 billion on coaching staff, player transfers and support staff.
They didn’t get the type of returns they were hoping for from those investments, which has left them in a bit of a financial bind.
Chelsea are hoping to avoid a serious punishment
The Blues might might get punished with a point deduction penalty if they continue to violate the Profit and Sustainability Rules, much like Everton and Nottingham Forest have already done.
Furthermore, because homegrown players will help balance the books and be recorded as direct profit, the Blues are prepared to approve the departure of these players in order to avoid any penalties.
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