I’ve worked on a few large transactions last few years, including one now. You need to be clear about how much you value something and the payment structures you can support. It’s clear from the Mudryk story that Chelsea changed things significantly for us, forcing us to step out.
Please note that Chelsea’s income statement can afford £100m more of cost per year than us, and they also have a lot of cash on hand that was committed as part of the transaction.
The Mudryk outcome should be applauded rather than derided. We have a clear squad building agenda, but done with discipline.
