October 3, 2023

It’s good news for Mauricio Pochettino that Chelsea withdrew from the race to recruit Manuel Ugarte due to financial considerations.
It came as quite a shock when Chelsea abruptly withdrew from the contest to sign Manuel Ugarte late on Sunday night. The 22-year-old has been in talks with the Blues for weeks, and new boss Mauricio Pochettino even called the player to try to convince him that Chelsea would be a better transfer for him than Paris Saint-Germain.

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Initial negotiations were made relatively straightforward by the €60 million (£51 million) release clause in Ugarte’s Sporting CP contract, but with two clubs in the running, personal conditions, bonuses, and add-ons appeared to be essential factors in determining his chosen location. Chelsea had the advantage in the final two criteria, but PSG always put out the better wage offer, which is finally where this transfer story has been resolved.
PSG made Ugarte its initial bid of €5 million (£4.3 million), but Chelsea was content to settle for €2 million (£1.7 million), according to Record in Portugal. The Parisians were still second-fiddle to Chelsea despite the distance until they doubled their proposition to Ugarte and utterly took Chelsea off guard.
Chelsea, on the other hand, wisely chose to end talks rather than stating that they would match or exceed PSG’s offer. Ugarte is an excellent midfielder and would have been a terrific addition to the Blues, but Todd Boehly and company appear to have realized that paying a player much more than market value just to make a statement is not a wise move.
If the same thing had happened a year ago, or during the January transfer window, we might be looking at a completely different scenario now. When Manchester City learned the price tag for Marc Cucurella of Brighton last summer, they decided to back out of the deal. However, Chelsea quickly stepped in, offered a £63 million package for the Spaniard, and the deal was completed in a matter of days.
Given that Cucurella is only in his second season in the Premier League, it is fair to assume that his first season at Stamford Bridge was not without its difficulties. Wesley Fofana’s £70 million transfer was also somewhat hurried toward the close of the summer transfer season, and the Blues also had a busy month of January as a result of numerous injuries.
The greatest surprise of them all involved Mykhailo Mudryk. When Chelsea showed up, they quickly agreed to personal conditions, met Shakhtar’s demands, and put Mudryk on a private jet to return to West London after Arsenal had laid all the groundwork and appeared to be making progress in negotiations.
Instantly, £62 million was spent upfront and an additional $ 26 million in add-ons were made available, completing the £ 88 million package transaction as if it were nothing. Although there were injuries from an attack, paying that much money is absurd and has so far turned out to be a bad choice.
Undoubtedly, Mudryk is a very bright player, but his skills are still developing, and at that price, you need to make an impression very quickly. But he will likely improve under Pochettino and become a great investment.

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Chelsea may have considered this when they heard about PSG’s offer since despite the £151 million spent on those two players, they have not had the expected impact. It is essential to establish a limit before beginning negotiations, and it appears Chelsea’s was easily reached. As a result, despite their desire to recruit a certain player, they decided to withdraw from the race and concentrate on other targets.
Moises Caicedo of Brighton is an additional midfield choice in football. London is aware that Chelsea is anticipated to make a move to sign him during the forthcoming summer transfer window. If Caicedo wants to transfer, Chelsea must enter negotiations with a suitable opening offer that can be discussed and a maximum limit they are willing to reach in discussions over a fee because the Seagulls will have their demands clearly stated.

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