Transfer market comment: Chelsea’s shameless swagger – Sport

The London club is using a loophole to throw money around on the transfer market – testing how serious Uefa is about enforcing its financial rules. The strategy is risky.

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Martin Schneider

Oliver Kahn was thrilled. Last March he called the new financial rules of the European football association Uefa a “milestone”. It was unusual that the CEO of FC Bayern did not say “milestone” in his usual style, but you could follow him in terms of content. A compromise had to be found between two almost irreconcilable positions. Some (Paris, Manchester City) would like to be able to spend as much external money as possible. The others (Bayern, Dortmund, basically clubs without a sovereign wealth fund behind them) want to prevent exactly that.

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