2023-12-12 18:30:53
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The clubs of the Premier League, the English championship, adopted a reform on December 12 prohibiting clubs from establishing contracts of more than five years for their players for accounting reasons. As transfer fees are spread over the duration of a contract, the longer it is, the lower the annual payments recorded in the club’s accounts. For example, compensation of 100 million euros would be amortized at 20 million per year under a five-year contract, but only at 12.5 million per year under a commitment of eight years. The Premier League has changed “ the rule on the amortization of player registration costs in order to align it with UEFA regulations. In the future, a maximum duration of five years will apply to all new or extended player contracts », Specifies the press release. The London club Chelsea signed long-term contracts last January with Enzo Fernández and Mykhaïlo Mudryk (eight and a half years) and even Benoît Badiashile (seven and a half years). Last summer, Frenchmen Axel Disasi and Christopher Nkunku also joined the club, each signing six-year contracts.
Published on: 12/12/2023 – 5:30 p.m.
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American Todd Boehly, current owner of the Chelsea club, August 13, 2023. © AFP / HENRY NICHOLLS
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