Abramovich sees £40M wiped off value of Chelsea squad

Chelsea have seen the market value of their squad drop £40 MILLION in the last 12 months.
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Chelsea have seen the market value of their squad drop £40 MILLION in the last 12 months.

The Times says Roman Abramovich also saw the club’s wage bill rose to £142.6 million, the highest such figure in English football history.

In Chelsea’s accounts for the financial year ending June 30 last year, which were submitted to Companies House last week, the board has valued its squad at £247.5 million, a theoretical calculation based on estimates of players’ value in the transfer market.

That represents a significant drop from the previous figure of £287.1 million and from the corresponding figures for the previous two years, reflecting Abramovich’s concerns about an ageing squad that, despite the promise of success on the pitch this season, is diminishing in value while continuing to command the highest salaries in the country.