Chelsea reduce wages spending

Chelsea's wage bill has been overtaken by that of Manchester United for the first time in over a decade, with Manchester City topping the 'wages league'.

Last Updated: 03/04/14 at 18:22 Post Comment

There has been a change of ethos in the time Roman Abramovich has been Chelsea o

There has been a change of ethos in the time Roman Abramovich has been Chelsea o

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

The London club's wage bill in 2012/13 was £176m, compared to £182m for Manchester United in the same period, while City spent £233m last season.

Chelsea's expenditure is in stark contrast to 2003/04, when the club's estimated wage bill of £115m was described in Deloitte's annual football finance review as "almost certainly the highest in world football".

Their salary bill for the season also includes £4m paid to former manager Roberto Di Matteo to cover "termination payments and compensation in relation to changes in the first-team management structure".

Clubs in European competition can only record losses of £37.5m during the first two-year accounting period of UEFA's financial fair play rules, with Chelsea's increasingly prudent approach to spending on wages an apparent response to the measures.

Wages at the Stamford Bridge club fell overall in 2011/12 and the rise last season was around three per cent compared to an 11.6% increase at United.

In terms of UEFA's spending rules, Chelsea Football Club Ltd's accounts state: "The introduction of UEFA's financial fair play regulations from the 2011/12 season provides a significant challenge.

"The football club needs to continue to balance success on the field together with the financial imperatives of this new regime."

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

T

his is brilliant! All these years of moral ambiguity, grey areas of offence and context..now we have a simple, easy to follow guide to right and wrong. What did you do today? I kicked the face off a panda . Oh well, you didn't rape, kill anyone or abuse a minor, knock yourself champ.

megabrow (cufc)
Redknapp leaps to Mackay defence

I

wonder if he'd feel the same way if he wasn't a white, non-jewish heterosexual male. Because Mackay has basically insulted everyone else!

Jay_D
Redknapp leaps to Mackay defence

C

heers Harry. I was wondering if he'd murdered anyone

Ezy_Rider
Redknapp leaps to Mackay defence

Footer 365

Premier League: Harry Redknapp happy with QPR's transfer dealings

Harry Redknapp is convinced his summer transfer business will prove solid enough to keep QPR in the Premier League.

Transfer news: No good behaviour clause in Mario Balotelli's Liverpool contract, says agent

Mario Balotelli will join Liverpool next week, but won't have a good behaviour clause in his contract, his agent says.

Premier League: Stoke City boss Mark Hughes is determined to keep Asmir Begovic

Stoke boss Mark Hughes says that Asmir Begovic will not be leaving the club during this summer’s transfer window.

Mail Box

More Fan Mail For Football365...

'Just p*ss off with your righteous indignation will you. W*nkers.' There's a lot of anger going around for what should have been a sleepy Friday afternoon at F365 Towers...

Man United: One Game To Save Season

They have one match to convince decent players that they are worth joining - over to you, Louis. We also have mails on Malky Mackay, Mario Balotelli and Tim...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property