Chelsea's summer transfer funds could receive major boost as £60m Premier League deal close

Saudi Arabia PIF-owned Newcastle United are closing in on a sensational transfer deal that will see Chelsea earn £12million, according to a report in The Sun. Eddie Howe’s side are reportedly in the final stages of discussing a deal for the England and Crystal Palace star Marc Guehi for a fee of £60million.

The deal, reportedly a club record fee for the Eagles, will definitely surpass the £50million they received from Manchester United for Aaron Wan-Bissaka in 2019. This higher fee benefits Chelsea, as they will receive a fixed mount from their sell-on clause that was agreed with the Eagles three years ago.

Guehi came through Chelsea’s Academy at Cobham but, like many before him, didn't make it to the first team despite an impressive loan spell at Swansea City. He was then sold to Palace under Patrick Vieira in 2021, with a sell-on clause added to the contract, meaning Chelsea will pocket 20 per cent of any profit earned by Palace from the sale.

Receiving £12 million from Guehi's sale, in addition to the £33 million from the sale of Conor Gallagher, will be a massive boost for the Blues as they look to stay within Premier League sustainability rules. Newcastle, with the richest owners in the world are looking to get back into Champions League football, having missed out on Europe entirely last season.

Guehi is also determined to play for a club fighting for Europe, having excelled with England during the recently-concluded European Championship. For Palace, they will be losing another key player, having sold electric winger Michael Olise to Bayern Munich earlier in the summer.

Last season, they had a brilliant finish to the Premier League campaign, but the loss of their star players will test the strength of their squad and their ability to bounce back in the face of adversity.