The 22-year-old has decided to stay at Stamford Bridge as Blues manager Graham Potter continues to make selections.
Potter is against releasing Gallagher as he worries about a growing injury problem within his squad. Gallagher spent last season on loan at Crystal Palace but returned to his parent club at the start of the summer to secure a regular first-team place at Stamford Bridge. The 22-year-old flourished under Patrick Vieira last term, scoring eight goals and providing three assists to help Palace to a mid-table finish. Hence, teams like Nottingham Forest, Southampton, Everton, Crystal Palace and Newcastle United have shown interest in signing him. However, Gallagher has no desire to leave Chelsea while still being selected to represent the first team. Shakhtar Donetsk CEO Sergey Palkin believes it will be impossible to sell new Chelsea signing Mykhailo Mudric to the club under former owner Roman Abramovich.
Abramovich, who had close ties to Russia, saw his reign at the Chelsea helm end in February 2022 following Russia's invasion of Ukraine.
Following sanctions from the UK government, the following month Abramovich announced his intention to sell the club, which he has owned since 2003, leading to a takeover by Todd Boehly and Clearlake Capital - and big money deals including Mudric. "If it wasn't for Chelsea's new owner, there would be a lot of critics of us because of these connections," Palkin told The Athletic when asked about the importance of new ownership for the £88m deal. . The Blues pipped London rivals Arsenal to the services of the talented Ukrainian winger, securing a record price for any player in the embattled country. "Ukraine has received a high level of coverage around the world, and for us, this is a good promotion of our country," Palkin admitted. Mudryk became Ukraine's ambassador to the world. I love that he went to the Premier League because it is the best league in the world and England also support Ukraine a lot. The former 22-year-old was draped in the Ukrainian flag as he walked onto the Stamford Bridge pitch to a hearty ovation from his new fans against Crystal Palace on Sunday. "This is an important exchange for the world and for Ukraine," Palkin added. 'We have context in this transfer: American owners, England, Ukraine - this triangle. Today we are as close as ever. That is an important point. Chelsea are in talks with AC Milan to cancel Timo Bakayoko's loan.
The Stamford Bridge club are ready to let the 28-year-old, who cost the club £35m from Monaco in 2017, leave on a free.
Bakayoko signed Milan on a two-year loan deal in the summer of 2021, but he has struggled for game time under Stefano Pioli. He played just 18 times in all competitions last season and has failed to play a single minute in the current campaign. The Rossoneri are unwilling to play the 28-year-old as there is a clause on the loan that means he will have to make his contract permanent if he plays at least 45 minutes in 15 games this season. He is contracted to Graham Potter's side until 2024, but the Blues are ready to release him in a move similar to what they did with fellow transfer flop Ross Barkley earlier this season before the midfielder joined Nice. With the signing of Mykhailo Mudric taking Chelsea's record transfer spend in Premier League history to £445m, surpassing Manchester City's £328m in 2017-18, many wondered how this could be achieved in a period of economic fair. Play to Play (FFP).
Under Premier League FFP rules, clubs are allowed to lose £105m over a three-year period, but there are provisions for positive costs such as infrastructure spending, women's teams, academies and community projects. Additionally, more allowances have been made following Covid, the impact it has had on clubs playing matches behind closed doors and the increased costs of Covid compliance. UEFA's rules are slightly different, with new financial and sustainability rules introduced in the summer of 2022 that allow clubs to lose up to €60m (£53m) over three years, but qualitative spending allowances are ignored. Uefa has also introduced a soft wage cap that limits spending on player/coach wages, agent fees and net transfer costs to an initial 90 percent of revenue in 2023-24, 80 percent and 70 percent in the following two seasons. . Chelsea posted an operating loss of £387m over the three years of its most recently published accounts to 30 June 2021. However, clubs have been able to claim substantial amounts related to Covid (Everton, for example, which makes around £60m less a year than Chelsea in ticket sales, has claimed £190m in Covid-related costs). Therefore, they are in a relatively strong opening FFP position, as the players' sales profits are deducted from these losses. However, Chelsea have not published their 2021-22 accounts following former owner Roman Abramovich's asset freeze, where the club was unable to sell tickets or make money from merchandise, other products and services for a certain period of time. .
Abramovich loaned the club £1.5 billion after taking over the club in 2003, an average of £900,000 a week during his ownership.
Abramovich's loans came with the benefit of being interest-free. This contrasts with the approach taken by Manchester United's owners, who have borrowed from the market, with finance costs, dividends and management fees in excess of a billion pounds, angering fans who want to see the money spent on the now crumbling Old Trafford. And the playing squad. Chelsea benefit significantly from the way accountants handle player transactions. If you buy a player, the cost is spread over the life of the contract through a process called amortization.
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