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On his way out of Chelsea Football Club this spring, interim manager Rafa Benitez hinted that his successor—
Jose Mourinho whomever he may be—will have 100 million of some form of currency to spend this summer. The Daily Mirror claimed it will be 100 million sterling, while the The Guardian opted for the more cosmopolitan 100 million euros.
Whichever it is, Chelsea and mega-rich oil-baron-owner Roman Abramovich will probably spend barrel loads of money on new players this summer. And they probably won't be alone.
Fresh off a disappointing season that saw manager Roberto Mancini fired, Manchester City have been linked with their usual allotment of high-priced talent. According to the Mirror, City will spend £54 million on Colombian striker Radamel Falcao, and if recent history is any guide, he won't be the only new arrival at the Etihad this summer.
Chelsea, meanwhile, have been linked with Wayne Rooney for £30 million. Both have been linked with Uruguayan striker Edinson Cavani, whose release clause is a cool £52 million (per The Sun).
Fans of UEFA's Financial Fair Play shouldn't worry, though. For all the spending of the last 10 years, Abramovich's Chelsea somehow managed to post a profit last year. Never mind what those haters at The Guardian wrote.
Chelsea's much vaunted first profit of the Roman Abramovich era from their Champions League-winning year was only achieved as a result of one-off exceptional items, including a £18.4m paper profit on cancelled shares in a digital media joint venture with BSkyB.
Pesky technicalities. City, for their part, posted a loss of "only" £97.9 million, cutting in half their world-record pace from the previous year (via CNN). Again, though, there were creative caveats, as the Telegraph details here.
With both finishing well behind Manchester United this season in the Premier League, expect both to continue the spending this summer. While you're at it, expect the creative accounting methods to continue as well.