adminLONDON. – Chelsea are set to slash 19 players’ wages when they fail to qualify for next season’s Champions League.
The Blues crashed out of the competition on Tuesday night after being beaten 0-4 on aggregate by Real Madrid.
The defeat ended Chelsea’s faint prospect of qualifying for next season’s Champions League by virtue of winning it this time around.
And with Frank Lampard’s side 11th in the Premier League, 17 points off fourth with seven matches left, they will not qualify for Europe’s premier competition via their league position either.
Co-owner Todd Boehly has guarded against the financial hit of not being in the Champions League by inserting clauses in players’ contracts.
According to the Telegraph, some stars will see their wages slashed by as much as 30 percent.
Only players that have signed contracts since Boehly’s takeover last year will be affected.
This includes the 12 permanent signings made, as well as seven senior players that have extended their contracts.
First team squad members who have not extended their contracts since Boehly’s arrival will not have their salaries reduced.
Under Roman Abramovich, Chelsea would only tie bonuses to winning trophies, rather than merely qualifying for the Champions League. – The Sun.
Online Reporter