JamDav1982
Senior Member
Yep, the EPL will hoover the talents but Chelsea are taking it to an extreme, and overall with both limited sporting success and selling at a loss overall. That's not counting wages and running costs.
Still room for Barcelona/Madrid and Italians to be competitive on talents though as wages are generally low and transfer fees are generally modest. Milan clubs are somewhat (and Italian clubs in general, possibly thanks to their Beckham law and laxer salary cap rules) having a resurgence in the market somewhat.
What usually happens (take Meriton buying Valencia) is they will buy the club with a loan from their country, say 200m from Meriton on HK, and have the club pay back this loan to themselves on higher interest terms than the holding company are paying to their bank/investors.
So a club like Chelsea are taking this to the extreme and propping it up with their PL base income streams (TV rights, TIcketing, etc) while paying themselves back on interest, letting the club accumilate the burden.
Of course in the PL and certainly a London based club, you can push this model to the limit.
All clubs will operate at a loss in the transfer market more or less regardless.
But the way Chelsea have spent big on long contracts recently then of course they will be at a big loss currently. It remains to be seen how much that is worth it in the future for these players.
Barca and big clubs can still be competitive clearly but the EPL bar big clubs and probably more and more Saudi will have average to small clubs signing other countries best talents more and more.
But Chelsea have made a hell of a lot of money in recent years selling on young players and promoted a good few also. Their issue has been not really spending it all that well when have in terms of immediate impact.
There is probably not a better club for these players to go to that can point to either first team chances or a big move on if dont quite make it.