Michael Owen says Chelsea made an ‘expensive mistake’ with £600m spending spree

Former England striker Michael Owen has claimed Chelsea have made a “real expensive mistake” with their £600million spending spree.

The Blues had been dumped out of the Champions League on the quarter-final stage by Real Madrid on Tuesday night and presently lie in eleventh place within the Premier League desk, 17 factors adrift of the highest 4 with seven video games to go.

That is regardless of an eye-watering recruitment drive for the reason that finish of the final marketing campaign which was capped by a £106.8million January swoop for World Cup winner Enzo Fernandez.

Speaking after the 2-0 house defeat by Madrid which ended their European hopes for this season, BT Sport pundit Owen mentioned: “It’s incredible, isn’t it, how much of a mistake they made buying so many players and it’s going to hit them where it hurts – in the pocket – because now they’re going to have to get rid of players.

“Some players won’t want to leave, so they’re going to have to pay them off. It’s been a real expensive mistake.”

Owen and fellow pundits Joe Cole and Rio Ferdinand insisted the membership wanted a clear-out, however admitted that may show tough within the short-term.

Ferdinand mentioned: “When you’ve got players sitting on huge wages who have got three, four, five, some six or seven years left on their contracts, the problem you’ve got is who buys them for a big price and pays that amount of wages that they’re on?”

Owen responded: “Well, they don’t, do they, so they’re going to have a problem for a few years now. They’re going to have players that they want out that they can’t get out.

“They’re going to have to get players out so they might have to get some of the players that they don’t really want to get rid of out.”

Chelsea presently discover themselves in a state of limbo with Frank Lampard, who was sacked as supervisor in January 2021, again in interim cost as a everlasting substitute for Graham Potter is sought following his departure earlier this month.

Former Chelsea midfielder Cole mentioned: “It’s a real tough job for Frank now because 30 players in a squad is absurd. A lot of them think they should be starting, let alone just in and around it. How are you going to motivate those players?

“They’ll be on to their travel agents now thinking, ‘What am I going to do for the summer?’. It’s just a hard job for Frank to get a tune out of them for the rest of the season.

“But they’ve got to be professional. Some of them will be playing for their futures and trying to impress the next club; some of them will be trying to stake a claim for whoever comes through the door. It’s tough for the club.”

However, Owen believes regardless of the work which must be executed, there’s trigger for optimism.

He mentioned: “I believe with a bit little bit of a clear-out, a smaller squad, a bit little bit of stability, it’s nearly unimaginable they are going to end within the backside half once more subsequent season.

“They’ll bounce back and they’ll be a top-six team, I’m certain of that, so not all is lost at the moment. At the end of the day, they’ve still got some great players and a lot going for this club. They just need to sort out a lot of these problems that they’ve got.

“It could be far worse – they could have a bunch of rubbish players and be languishing and thinking, ‘Right, there’s £500million needs to be spent’.”