The true costs of what Manchester United, Manchester City and Chelsea pay their players has been revealed.
And, unsurprisingly, the sums are astronomical with all three paying out the most they ever have in wages. Chelsea‘s latest accounts have been lodged with Companies House and they show owner Roman Abramovich put £69.1million into the club last season. But that sum is only a fraction of the annual wage bill, which has risen 11 percent to £244.1million.
However, it’s still nowhere near Manchester United, who are the top spenders on wages in the Premier League at £295.6million, according to The Times. Manchester City, meanwhile, shell out £259.6million in player wages. Billionaire Abramovich has put money into Chelsea through his company Fordstam Ltd every year since he bought it in 2003. Chelsea made a profit of £62 million last season with a record turnover of £443.4 million.
However, the Blues’ debt to Abramovich has now grown to around £1.13billion. Chelsea denied last summer that Abramovich was looking to sell the club after the Russian’s application to extend his UK visa was delayed. Lavish plans to redevelop Stamford Bridge, meanwhile, have been put on hold. As for the player incomings, the accounts show Chelsea spent a net £125million on transfers last summer – most of which went on Spanish keeper Kepa Arrizabalaga. Jorginho was also a big-money, high-profile addition.
Accounts value the squad at £843million right now – up from £445 million the previous year – reflecting the rapid rise of transfer fees in the market.
I think the entire Premier League has been miles ahead of the other clubs in terms of wages. Even mid-table sides have a higher wage bill to the other leagues. All of this is down to the amount of money which is being splashed out on the Premier League which has increased the revenue of every Premier League side to tenfold.