Chelsea wage bill record | inside World Soccer


Chelsea wage bill record

Thursday, July 24, 2008

Chelsea are willing to face another huge increase in player salaries of keeping their stars at the club.

Times Online reported Chelsea's annual wage bill could reach £150 million this year as the recent round of contract renegotiations is set to continue.

Currently the Blues had the highest wage bill, totalling £132.8 million, which is £40 million higher than the Premier League's second biggest spenders, Manchester United.

New contracts signed by Wayne Bridge, Petr Čech and Michael Essien have added £4 million to the club's wage bill.

John Obi Mikel and Joe Cole are the next in line for new deals with both players are likely to receive a pay rise to £80,000 a week.

Frank Lampard will contribute another £1.5 million rise anually if he agrees to Chelsea's offer of £140,000 a week, while Didier Drogba is also demanding a pay rise to keep him at Stamford Bridge.

In contrast, those players who have left Stamford Bridge this summer were relatively modest earners, except Claude Makélélé, whose departure to Paris Saint-Germain will save Chelsea £80,000 a week.

Deloitte told BBC that Premier League clubs are spending a greater proportion of their cash on salaries than ever before with the revenues of top-flight Premier League clubs topping £1.5 billion for the first time in the 2006/07 season. But the ratio of footballers' wages hit its highest level since the start of the league in 1992.

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