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Chelsea shells out big amount for Fernandez

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London, February 1

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Chelsea completed another staggering spending spree by its new American ownership — more than $350 million this time — by signing Argentina midfielder Enzo Fernandez for a British-record fee on the final day of the January transfer window.

A day of negotiations between Benfica and Chelsea’s co-owners ended with the Premier League club agreeing to pay the release clause of £106.7 million ($131.4 million) in the 22-year-old World Cup winner’s contract. The Portuguese club announced the transfer in a statement early today. The fee eclipsed the £100 million (then $139 million) Manchester City paid Aston Villa for England international Jack Grealish in 2021.

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Chelsea has spent more this month than every club in the top leagues in Spain, Italy, Germany and France combined. And following a big outlay in Europe’s summer transfer window, Chelsea has splashed out around $630 million in the first two windows overseen by the new ownership — fronted by Todd Boehly — since the purchase of the club for $2.5 billion in May. Chelsea signed eight players in January and handed most of them long contracts — as much as eight-and-a-half years for Fernandez, for example — to allow the club to spread the cost of the signings over the length of the deals. — AP

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