-
South Africa economy shrinks ahead of local elections
-
Napoli's McTominay has successful heart procedure
-
CapTLX Expands Institutional-Oriented Platform for Access to U.S. Capital Markets
-
Two Renoir paintings missing after break-in at France museum
-
UK's Prince George starts at Eton College
-
Oil prices jump, stocks drop as Mideast war flares
-
French far right keeps guarded silence over AfD Germany triumph
-
South Lebanon town buries its dead after Israeli strike
-
Russia-Ukraine talks possible this month, Zelensky says, as Moscow pounds Kyiv
-
Singapore to bump cabinet wages, already world's highest
-
Turkish Airlines will be new Liverpool shirt sponsor in £300 mn deal
-
Saudi vows response as Houthis hit oil sites in worst attack in years
-
On London's Brick Lane, a data centre sparks local battle
-
Thieves steal Renoir paintings from France museum
-
Nepal flood death toll rises as rescuers scour tunnels
-
Nicaragua accuses Germany of multiple violations of law in Gaza genocide case
-
France's Mistral sees value soar with 3 bn euro cash infusion
-
Dutch peanut butter artwork proves a sticky attraction
-
Nepal glacier saw exceptional heat before collapse caused deadly floods: researcher
-
Forex Expo Dubai to Take Place as Scheduled on 22–23 September 2026
-
Ethiopia boosts drone production to fight rebels
-
Russia pounds Kyiv, ending three-day halt for US talks
-
Yemen rebels hit Saudi Arabia with wave of strikes, wounding 73
-
Flights resume gradually in Indonesia after volcanic eruption
-
Nepalis mark a year since deadly protests that toppled government
-
French AI firm Mistral valued at 21 bn euros after latest funding
-
Rubio launches Latin America tour to cement US influence
-
Sweden heads to the polls in close election race
-
France tries 14 over deadliest Channel migrant crossing disaster
-
Australia's Big Bash T20 teams face sale to private investors
-
Australia threatens hefty fines if big tech fails 'duty of care'
-
Russia resumes strikes on Kyiv after three-day halt
-
Zverev romps into quarter-finals as Darderi downed
-
Canada's counter-tariffs take effect on various US goods
-
Kauai on tornado watch as Hurricane Lowell nears Hawaiian islands
-
China's trade booms as focus turns to expected Trump-Xi summit
-
Pakistan roll the dice in search of consolation win over England
-
Is Champions League three-peat really possible for PSG?
-
Yen extends gains as traders eye rate hike, tech rallies again
-
Russia pummels Kyiv after three-day halt
-
'The ber months': Christmas arrives early in the Philippines
-
Mongolians wait hours for fuel as reliance on Russia bites
-
N. Korea calls Russia bridge a sign of tighter ties
-
Blockx first Belgian man to reach US Open quarter-finals
-
US sanctions threaten to crush Iranian students' dreams
-
Praying for rain as fires, haze plague Indonesian Borneo
-
Former champ Gauff holds off Jovic to reach US Open quarter-finals
-
Rybakina tops Osaka, sets US Open quarter-final clash with Zheng
-
A New Force in the Surf Park Economy
-
OMP Asia Conferences to Showcase How Industry Leaders Kraft Heinz, Mars, Medac, And Nestlé Approach AI-Powered Supply Chain Planning At "Decision Velocity"
Chelsea boss Maresca says rules to blame for academy talent exodus
Chelsea manager Enzo Maresca said financial sustainability rules must be changed to discourage clubs from cashing in on academy graduates as Conor Gallagher looks set to join Atletico Madrid.
The England international would join Mason Mount, Lewis Hall, Ruben Loftus-Cheek, Ian Maatsen and Callum Hudson-Odoi as products of the Chelsea youth system to be sold over the past two years, while Armando Broja and Trevoh Chalobah are also expected to leave before the end of August.
Chelsea have needed to recoup funds after splashing well over £1 billion ($1.3 billion) in the past four transfer windows to revamp the squad under new ownership led by LA Dodgers co-owner Todd Boehly and private equity firm Clearlake Capital.
The sale of players who came through the academy is particularly helpful for clubs to comply with financial regulations as the full transfer fee is recorded as a profit in the books.
Profit and sustainability rules that limit Premier League clubs to losses of £105 million ($134 million) across a three-year assessment period have been blamed for a slow summer transfer window so far.
Last season Everton and Nottingham Forest were docked points for breaching the regulations, while newly-promoted Leicester could face one this season for breaches in the 2022/23 campaign.
"This is not Chelsea's problem, these are the rules. All the clubs at this moment are compelled to sell players from the academy because of the rules. It's all of the Premier League clubs' problems," said Maresca, who joined Chelsea from Leicester in June.
"It's a shame because in Italy, we have (Francesco) Totti with Roma, 20 years with the same club - one club man. We love that in football, the fans want to see that. But with the rules now it is different from the past."
On whether the rules need to be changed, Maresca added: "If they want to protect academy players, then probably yes."
Gallagher was Chelsea's captain for much of last season due to Reece James' injury troubles.
Despite fan unrest at his potential departure, the 24-year-old Gallagher appears headed for Spain to join Atletico in a £33 million deal.
Gallagher had just one year left on his contract at Stamford Bridge and reportedly rejected the offer of a two-year extension.
"In this moment, there is something between the club and the player - an agreement to stay or to leave," said Maresca.
"These kinds of things happen in every club, every summer and in the end the final decision will be good for everyone.
"Hopefully the final decision will be good for Conor and the club."
Y.AlMasri--SF-PST