News from London: Why Mudryk’s £7.8m-a-year Chelsea contract is so long

New Chelsea signing Mykhailo Mudryk (Photo by Sebastian Frej/MB Media/Getty Images)

The Pride of London discuss Mykhailo Mudryk’s £7.8million-a-year Chelsea contract. Along with explaining why the eight-and-a-half year deal is so long.

Chelsea are making waves in the transfer market, as they say. In fact, a more accurate metaphor would be: the impact Todd Boehly and his associates are having is comparable to a tidal wave. The American businessman, his co-owners and the new board members were always going to make a splash. Yet the other Premier League clubs didn’t expect to get wet, nor did they envision their prospective deals to sink.

Enough of the figure of speeches already, I hear you say. OK, fine. Basically, what I am saying is that the Blues mean business under the current ownership, in a very similar manner to former owner Roman Abramovich. The apparent £421million invested this season is astounding; it simultaneously showed strength, spending power and serious intent.

Naturally this amount eclipses anything spent in under one year by any Premier League club, ever. I believe the expenditure is the most outlaid in one calendar year. In addition to those facts, I assume what CFC paid out is the most any team worldwide has disbursed on signing players alone in history.

If my research is correct, Real Madrid spent a gargantuan £362.65m in 2019/20, so the Blues have outshone that figure by some way. There is also time to spare in the January 2023 window, with the west London outfit looking to add more stars and future first teamers.

Another feature of the raft of fresh faces at Stamford Bridge which caught the eye, was the potential longevity of the transfers. Sky Sports’ guest finance expert Kieran Maguire claims the strategy may be Financial Fair Play and accounts-related.

Chelsea want to spread the cost of their acquisitions over a number of years. For example, Mudryk’s £88m move can be equivalent to £10m-per-annum. Incidentally, Wesley Fofana signed a seven-year contract, while Benoit Badiashile’s was seven-and-a-half.

Another topic of discussion is the aforementioned Ukrainian’s salary. Though my intrigue rather lacks decorum, I must admit I was partly interested because there is contradictory speculation abound. According to Evening Standard, Mudryk shall earn approximately a weekly £150,000; this equates to £7.8m each and every year.