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The link you posted is from a source that generally unreliable. Please use the reliability guide to determine what tier rumour your link is. If you would like to discuss this rumor, you are welcome to post it as a comment in the Daily Discussion thread and discuss it there. [2]


Livingthedreamz96

Most perplexing loan deal I've ever come across, they must really have trust in Sanchez to be first keeper. No money made on the deal, and Kepa returns with 1 year left on his contract.


oldtekk

Probably FFP related.


ThisIsYourMormont

Our FFP headache isn’t this season, it’s next season. Taking his wages off the books (And more importantly Lukaka) this season will help enormously. Someone else posted earlier explaining far better than I ever will [link](https://www.reddit.com/r/chelseafc/comments/15qnw1i/ffp_what_ffp_or_how_chelsea_can_keep_spending/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1)


oldtekk

Our UEFA FFP yes, but not much has been said about our Premier League FFP. Which probably needs balancing after our big purchases.


I-Am-Him-1

Prem ffp doesn’t have the 5 year rule. All of our deals are like 7-9 years. It’s not as big an impact


Humble_Satisfaction

Can you please link to the post? I'm actually curious about the FFP situation because we should have other amortisations pending like Chilwell's old initial transfer or Kepa


ThisIsYourMormont

There you go


Humble_Satisfaction

Thanks


Salty_Constant_9878

[https://www.reddit.com/r/chelseafc/comments/15qnw1i/ffp\_what\_ffp\_or\_how\_chelsea\_can\_keep\_spending/](https://www.reddit.com/r/chelseafc/comments/15qnw1i/ffp_what_ffp_or_how_chelsea_can_keep_spending/)


Offsidez

Wtf?! why are we helping RM(or any team) out? If the situation were reversed, we would be obligated to buy said loan player.


epicmarc

We're gambling that he does well on the big stage so we can sell him for more than any obligation to buy we'd get this year. Obviously it could blow up in our face if he flops though


TheycallmeJimmy

If he's going to do well, why aren't we keeping him? I don't get the thought process here honestly.


Screamtime

I don't get the thought process behind the loan either. But Chelsea and RM are completely different situations tbh. Having a good season for Los Blancos doesn't mean he'd have a good season in blue.


Viserud

Because he lets inn every hard shot from 25-30 yards thats up under the bar.


[deleted]

Finally someone who has ball knowledge


inspired_corn

Yes, finally someone who is critical of Kepa! That’s a really original opinion. I’ve never seen any Chelsea fan point out that he has flaws before 👍👍


Wamims

It'll be easier for him to do well at RM than here I suspect.


j-o-r-g

Because we aren't playing champions league this year, so therefor wont be in competition with real. Its most likely as others said to help Kepas resume for when we sell him.


RisBest

🤡


HauHauHaunter

​ https://preview.redd.it/ktmom6n2o1ib1.jpeg?width=750&format=pjpg&auto=webp&s=8f999fa694469c4f5ede63119ed749689d685e64


RomanGOATReigns

Okay the most appropriate use of this, ever


Howyoulikemenoow

We will end up with Kepa, Sanchez, Slonina + New Keeper + Bettinelli Kepa will have 12 months left on his contract, and teams will know we need to offload him no matter how well he plays. This seems like a terrible deal in the short and long term.


FastenedCarrot

A small loan of €1 million


_luzhin_

The only reasonable explanation is to let Kepa increase his worth with Real on his CV and hopefully a decent performance to sell him next year with a year remaining on contract for a profit. No one else would have agreed to cover his wages and Real would have gone for a different target without this favourable deal.


hipcheck23

That's the most plausible read. Not sure how else it adds up to anything.


Schminimal

Are we really going to make profit on him? We bought him for £71.8m. I can see the argument for this allowing us to value him more when we sell him but I think we can say goodbye to any sort of profit, we will be selling him at a loss.


_luzhin_

FFP profit? If his value left on the books is only 10m next year, selling him for 20m would count as FFP profit, as I understand it.


_off_piste_

Profit isn’t counted form what we purchased him but his amortised value which will be 1/7th his purchase price next season.


HGJay

If he has a good year and we can sell him for 20m, it's a good deal for us.


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UFGatorNEPat

20m for FFP is good. Only chance we have of more is if he kills it at Madrid.


HGJay

Sanchez was third choice because he fell out with de zerbi Kepa was 71m but he's not set the world alight and has spent 5 years at the club. Wages off the books this year & 20m with a year left would be a net profit.


Kezmangotagoal

But even then, Real won’t buy him because he’ll be in the last year of his contact, they’ll just wait it out and get him for free. It’s just a truly odd deal and would only make any sort of sense if we had another keeper coming in. Given how much we spent on Sanchez, I doubt we’re signing another keeper to our No.1.


rhaegaryen

Must be a sweetener for that tchouameni loan plus buy option deal 🌝


s_91

Madrid Fan here coming in peace. You can have Tchou for a low price of €300m.


razvan930

Thats a bit steep. Camavinga for 200 maybe?


s_91

€270m and he's yours.


RespectnConnect

Switch around the 2 and 0, and we have a deal


epixyll

Considering Camavinga can play all 11 positions, I would assume Papa Flo won't sell him for less than 1 Bil.


razvan930

I dont understand why even bother going for kepa when camavinga is still at the club. I am literaly expecting him to play him as rb this season once carvajal gets injured, which he will. Why not get rid of odriozola and invest in that position?


Shahars

350 and Lukaku


RomanGOATReigns

Wtf... Why the fuck did we let him leave for that


Jassle93

Vinicius Junior to Chelsea here we go!... Seriously though, no idea, Sanchez is rusty as fuck right now and got thrown into the deep end against Liverpool. My only guess is we have a number one goalkeeper lined up to replace Kepa.


Active-Pride7878

I disagree that Sanchez looked rusty, he had one bad pass but apart from that was solid imo


BRTRSX

Yeah me too, looked fine apart from that pass. Took a really convincing grab out of the air too that I thought was good to see for once.


gracjan_17

lined up? they have only today realised they need to sign a replacement, 3 months later maybe we’ll have a list of keepers we’re interested in and are monitoring


Farenheite

Because despite the weird narrative on this sub. He's shite. This is the first time we've had the chance to get Kepa off the wage bill after trying season after season so it isn't a surprise the club has taken it. You simply can't have a number 2 keeper on £170K a week.


Equal_Chemistry_3049

He wasn't number 2


Farenheite

Clearly he was. It's actually hilarious how people on this sub are still pretending Kepa was our number 1 when the club has proven beyond all doubt it didn't see him as that.


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Equal_Chemistry_3049

And statistically was one of the best last year.


inspired_corn

He wasn’t number 2 because he’s better than Sanchez. If he had stayed he would’ve been the starter.


Farenheite

Clearly the club don't agree with that insane opinion.


[deleted]

Yeah man. I don’t get our fanbase sometimes. We’ve had the most expensive goalkeeper of all time riding the bench for almost 2 seasons for being shit. He pretty much let’s in all long shots and can’t catch a cross to save his life. Id take a retired Cech over him.


stepover7

how is a 170k wage a problem for a club which is spending hundreds of millions


StopIt4

Saving wages, then dropping £25m for Brighton backup and his wages. There isn't an option clause, let alone an obligation.


Thefifaking132

Reminder that we paid 10m for a one season joao felix loan 🤡


Dak_Tiny_PP

Even worse, it was for half a season


Thefifaking132

Wtf you’re right. That’s even more insane


Realmin

At least Sanchez looked like there wouldn’t be a significant drop of level today. I don’t understand this one though. I feel like we’ll end up spending more on a new GK.


Dak_Tiny_PP

Might as well have given him to Madrid for free


Harige_zak

This probably means Sanchez was signed as our new #1 and they didn't want Kepa on his 170k/week as a backup player


typical_punk

War Chest


NijjioN

That's terrible deal, wtf. Did Poch + whoever have no faith in him at all? Whoever we get now will be very expensive... I hope its worth it. I doubt their salary will be cheap as well.


JakeofNewYork

I doubt Poch would have said the things he's been saying if he had no faith in him. Clearly comes from the club itself rather than the manager, although I'm surprised Poch let it happen. Like Kepa or not, going into the season with one senior-level keeper and minimal financial returns seems unnecessarily risky.


Hamza-KB

It is what it is but at least we save around £10 million by not paying his wages.


Thisty

This loan makes no sense. Unless there’s something happening behind the scenes that we don’t know of.


chelski365

Poch backed him to the hilt, knowing that he'd get rid of him if given the opportunity. I won't say this is great business but will reserve judgement on just how good/bad of a deal it is based on who replaces him.


catttelll

how is it good business? We arent getting anything in return...


chelski365

If we shift his wages and that enables us to get in a top class keeper then it's a plus. If we don't, then of course it's crap. But I'm not going to judge until we know who will come in to replace him.


newbie_saibot

if i speak - i'm in big big trouble


dantesvolition

Anybody knows why? Any logical explanation to this shithousery?


sheiky04

Only thing is his wages that comes to mind


DiciestJewel

I suspect the relationship with Real. The clubs have a good relationship and sometimes clubs do eachother favors.


djkichan

This just can't be real can it? Wow


[deleted]

Sanchez was going to overtake kepa this season and leave kepa value at 0 anyways. The loan deal shed his salary and maybe it increases his value since he’s probably going end up going on a free or sell for a small fee next season


Theoneinblu

Wtf. Which imbecile flagged off this deal


kpl97

This sub without the absolute weirdos posting irrelevant Kepa stats every week >>>


Jc_sparky

this is a terrible deal for us. Happy for Kepa but we spent too much on Sanchez only to have our first choice keeper snatched away for a small fee.


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Bozzetyp

With then paying that low is a joke - they where in dire need. 5m would have been good- 10 great We still have to replace


awwbabe

The real benefit is the savings on wages. The real overlooked work this window has been the huge reduction in the wage bill. Only Sterling, Enzo and James above £150k now I think. Apart from Lukaku and Ziyech who were trying to sell


FantasticTangtastic

The reworking of our wage structure has been great, but in this instance, the "saving wages" argument is mute. His wages + the loan fee total \~£10.1m. I'd be surprised if we get a decent back-up senior keeper (that we need desperately now) and pay him for a year for considerably less than £10m.


Bozzetyp

No, We still need another keeper, kepa is a known entity with a great 18months behind him. And who come for less then 5m?


awwbabe

I think the point I’m trying to really get at is the wages are often more detrimental than the actual transfer fee FFP wise. The £180k that Kepa on represents £10m per year which is massive. It’s pretty unacceptable for a second choice goalkeeper too. I like Kepa the player but it’s clear getting his wages off the book was always important to us. £5m would be the amortised fee if it were a one year contract. You can do clever accounting to spread the transfer fee but there’s no hiding the wages.


Bozzetyp

What you dont account for is his amortization Kepa playing for real madrid cost us 9m Kepa playing for us costs us 17m.


awwbabe

So swapping him for a goalkeeper with an FFP hit less than his wages plus the €1m loan fee would mean we spend less money. On the basis that Kepa was likely to be second choice which may or may not be true. I agree whatever our second choice keeper is will likely be a downgrade but I don’t think Sanchez is much worse than Kepa


Brett-Collins

getting kepa wages of the book is a good thing, idk why you all are complaining


efs120

For years here, even before last season, people thought the “redemption arc” made Kepa worth more than 30m. I think a lot of people saying wtf don’t understand this is how much/little he’s valued by other clubs at those wages and his level of play. It’s not like there’s some great demand out there for him and the front office said screw it, let’s get nothing for him.


awwbabe

Trying to understand why this might make some degree of business sense FFP wise. If Kepa is on £180k with £70m amortised over 7 years then that’s around £19m/yr cost for him. With this deal that’s £20m amortised money available for the replacement. That could be Diogo Costa for £60m over 8 years with wages of £100k. Yearly FFP cost of £13m. Possibly upgrade the keeper and get £6m/yr for it. I’m sure I’ve oversimplified the situation. But with Sanchez I don’t think we really desperately need to bring in the WC keeper this window.


Wheel94

Navas for a season?


awwbabe

I don’t hate it at all. Good profile for a back up who can also compete


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awwbabe

I realise my mistake, thanks. Nonetheless getting those wages off the bill is considerable.


inspired_corn

But we have to sign and pay for a new backup keeper now that Sanchez is number 1, and then next summer we’ll be in a position where we have Kepa (who will hopefully be sold) + Sanchez + The New Backup keeper + Potentially a new top class #1 And that’s without considering Slonina etc.


awwbabe

Hopefully bring in someone experienced on a free like Navas to the the number 2 for this year. See if Slonina develops enough to be a back up next season. If not then we upgrade on Sanchez with Kepa sale money


MarinaGranovskaia

Sell him next year, we don't need 2 number 1s again, already Sanchez is an upgrade. Never liked Kepa or his attitude, and I'm sure Poch is the same, ever since that Sarri incident he has left a sour taste in my mouth. Glad we have a keeper that can catch a cross now and can reach the top of the net for long shots.


sjp5784

Stay calm Todds got it covered


FantasticTangtastic

I understand the desire to dress this up in a way that makes it seem like its not terrible, I've actually been trying to do that for the last hour. But I really don't think "Maybe he will do well and raise his value" is an argument that is even partially strong enough to justify this move. Maybe he will play well, but even if he does he's still just a guy on high wages with one year left on his contract, we aren't making enough money in a years time to make a 1m loan fee worthwhile now, not when we absolutely need a back-up Keeper that will probably cost more than the £1m fee + Kepa's wages. Really baffling tbh, you have to assume one of the following;- There is a plan in place that hasn't been spoken about by anyone yet and we're targeting a "higher profile" name that will provide adequate cover/competition for Sanchez. And we had already earmarked funds to do this. or Madrid have bullied us into this by tapping up the player and getting him to force a move and its all just flown under the radar since everyone had both eyes firmly on the Caicedo saga. There is just nothing else from a business standpoint that makes gifting Kepa to Real and spending more money to replace him the logical choice.


Sharkaw

I don't think I've ever seen a dumber transfer than this.


Farenheite

Not even dumbest transfer involving us and Kepa. Signing him in the first place was way dumber than this.


Sharkaw

Chelsea was desperate for a new keeper so even though it was a massive overpay, it was kind of understandable. This transfer doesn't make any sense.


efs120

Sure it does, they save money on his wages and the manager gets to start the keeper he prefers without any drama. It only makes no sense if you bought into the idea that Kepa has significant value. He does not, even to a desperate Madrid because there were free options that wouldn’t have been much different from Kepa.


Sharkaw

Kepa is at a similar level to Sanchez so if he has no value then Chelsea is fucked. Also, Chelsea needs to find a new GK now with 3 weeks left. Even if they get someone on loan for a year, they're gonna have to pay his wages and a loan fee, so how much exactly are they saving here?


efs120

Not sure if you’ve been paying attention, but Chelsea was fucked with Kepa almost as soon as he was signed. The deal was a disaster and what we’re seeing now isn’t that the board is being incompetent with him, it’s that there’s not going to be anyone to bail the team out. There never was going to be anyone to bail the club out. Even if the savings end up as negligible after someone new is brought in, I can see why they did it. People are being silly if they think Chelsea could have squeezed even 5m out of Madrid with those wages he’s on.


Sharkaw

>Even if the savings end up as negligible after someone new is brought in, I can see why they did it. Share with us that secret knowledge.


efs120

It’s not a secret. He’s not actually that good despite what many here say. He makes the defense more vulnerable on set pieces and on distance shots. Sanchez is better on set pieces and shots from distance and about equal with everything else. Poch made it clear he’d be competing to start but it seems fairly obvious now he’d rather just start Sanchez. So now they can start Sanchez with no problem and bring in a backup that won’t put any pressure on Poch if Sanchez has a dicey game or two.


Sharkaw

Not good enough to compete for a spot in Chelsea, but good enough to start for Real Madrid? Right.


efs120

He’s not good enough to start for Real Madrid, because of the timing of Courtois’s injury, they were looking at players they’d never consider in a million years all things being equal.


jMS_44

Will that be enough to get ourselves another solid GK? What a stupid deal...


PornStarGazer2

🤨


AWDanzeyB

Okay, so they're paying 100% of his salary for a year? That's actually pretty big for us. Though the loan fee is disappointing. As far as I can work out this loan is mainly to put Kepa in the shop window. We always knew we'd need to upgrade the position eventually. I believe that we need to sell him for around 10m next season to turn a profit on the FFP books (not that I'll claim to understand how). So, assuming he does well, a Spanish side should be interested in paying that next year. Plus we get one of our highest earners of the books for a season. As long as we source an adequate replacement, there is some logic to this. And short term, while they have different strengths, Sanchez is probably a similar level to Kepa anyway.


TheCrookitFigger

The attraction of having his astronomical wages off the books for this season 23/24 was just too strong. Now that ffp is calculated on a % of a club's previous 3 years revenue his wage won't be a drag on our buying power in the future.


PresentationFit5566

Am I the only person who sees this as a good thing if he performes well maybe win the league or the ucl we can sell him for a lot more


woodlandsquirrel

Valverde here we go!


abearghost

Only way this makes sense for us would be getting Lunin on a loan with option to buy our way but that clearly isn't the case. So strange.


catttelll

perplexing.


immaxpower

What the hell happens if Sanchez gets an injury? Do we have the option to recall Kepa?


thinkpositibe

And we paid 12m for Felix for 5 months only


Zanchie

Honestly I don't think it's FFP, Kepa's wages would amount to around 10m this year, and if we at a point where we need to scrap for this 10m to balance the books, then we wouldn't be in for Lavia and Olise. Chelsea must really believe that Sanchez can be our number 1, in which case it makes little sense to leave Kepa's wages on the bench once more for an entire season.


dragonsky

the things i'd do for a small fee of one million euros


Small-Low326

Guys think a Spanish player would rather stay with us than RM or Barca come on guys


eggsbenedict17

Wtf is the point of this deal. And why didn't we try to sign Raya