Chelsea players agree to take a pay cut following poor form

Chelsea Football Club has been a shadow of itself since the takeover by the new owners led by Todd Boehly at the club during the summer of 2022.

The Blues have failed to live up to the standard that most football followers expect from them under the Roman Abramovich era. There are rumours that the club might breach the Premier League's profitability and sustainability rule after spending a lot of money during the last three transfer windows and also failing to qualify for next season's (2024/25) UEFA Champions League.

The board at the club maintain their confidence in avoiding PSR breaches, they believe that their losses will not exceed the £105m allowable for the cycle ending 2022/23.

Chelsea's wage bill will also decrease when the next set of figures come out due to the club's lack of playing elite European competitions of European football. It's reported that all new signings from January 2023 agreed to a salary cut if the club did not qualify for the UEFA Champions League.

However, regardless of domestic financial rule changes expected to be ratified this summer, The PSR will be in place for the three-year monitoring cycle ending 2023/24, even under new rules, points deductions are here to stay.

Chelsea are not believed not be worried because they are guaranteed money from the FIFA Club World Cup. This can be put on the 2024/25 books, even though the tournament ends in mid-July of 2025.