Several Chelsea players who were signed under Todd Boehly will see a 30% pay cut in their wages
A condition included in the contracts of some Chelsea players signed under Todd Boehly will result in them taking a 30% salary drop owing to the lack of UEFA Champions League football next season.
According to the Telegraph (Subscription needed) (h/t Express), the new owners of the Blues included a “Champions League reduction clause” in all contracts signed under their supervision. Reece James, Ben Chilwell, and Thiago Silva are just a few of the players that signed contracts during the Boehly administration, in addition to the new recruits.
And it is now known that those players would now suffer a pay cut of up to 30% as a result of the club’s failure to qualify for the Champions League for the upcoming season.
The salaries of individuals who signed contracts under the reign of Roman Abramovich, however, would not change. Additionally, players who intend to sign fresh agreements will be required to accept the Champions League clause in their contracts.
After being eliminated by Real Madrid from the Champions League’s round of eight, Chelsea’s season is more or less over. With seven games remaining, they are now in the bottom half of the Premier League standings and have just pride to play for.
It can be an appealing clause, but it also has certain advantages and disadvantages. Given that not competing in the Champions League might result in financial difficulties and that players would be required to reduce their salaries, it will undoubtedly help Chelsea balance their wages and adhere to financial regulations.
However, it will only be beneficial if it is applied to those who did not perform well this season; nonetheless, some players may claim that those who have fared exceptionally well this season would object to this proposal.
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And now we will not compete in the competition for the next whole season, as the club will begin the process of rebuilding under new management in the following campaign.