The thing is with these long term contracts, the players they have signed pretty much need to be hits.
They have committed so much in fees and wages there isnt any margin for error. If these signings falter and turn into another round of Lakulu'a Pulisics, Haavertz then Chelsa will stay midtable. Because they wont be able to 'go again'.
They are betting the house on this spending spree.
They don’t though. Generally speaking, if you TRULY want to part with a player early there are several options. If it is catastrophic injury, then the payoff of the contract is hardship and not an FFP. If they are not living up to expectations, then you can move on either by supplementing their wages to entice loan options (which still gives you a net benefit from the longer contract), or you can offer them a lump sum payout to leave and join another team, you borrow that money from yourself, and split the payment up over a few years to fit open gaps.
The primary reason for the long contracts, especially with young players, is to have even greater control of their depreciation on the books related to their initial fees. This may seem counter intuitive, but a few people, including Simon Jordon, explained it very well.
The key is we are not constrained By money, which means these are just option strategies for regulatory compliance.
And some of you would be like “So they would be ok, if a player was a bust, just losing 40 million in wages and writing them off?”
Yeah, wouldn’t faze them in the slightest.
Teams that actually have to worry about how much money they have are in completely different positions strategically.
This isn’t a “spending spree”. They will spend what they need to spend to have the team they want and the structure they want, and they will find a way to be allowed to spend what they need to spend.
Once you have the structure you want in place though that yearly new spending, at least the squad spending that counts against FFP tends to go down.
City is generally way down on the net spend list.
But it takes at least 5 or 6 years of heavy investment to get there.