Chelsea’s lavish spending spree has once again come under the microscope.
Liverpool legend Jamie Carragher delivered a sharp critique of the Blues’ transfer strategy, questioning whether the club is more focused on stockpiling talent than actually winning trophies.
His words have left many Chelsea supporters wondering if the club’s billion-pound rebuild has lost its way.
In a column for The Telegraph, Carragher wrote that Chelsea have “spent £1.5bn to transform themselves from serial winners of major trophies to serial project managers.”
He added that “Chelsea should be title contenders and considered Champions League challengers this season. Instead, their hierarchy seems content to be praised for being the smartest recruiters in the business – the world’s richest development club.”
The former defender went further, saying the Blues appear “obsessed with collecting wingers” while key positions like goalkeeper and center-back remain problem areas.
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Despite signing 12 players over the summer, Carragher pointed out that “the glaring flaws last season were in goal and at centre-half,” yet those issues remain unresolved.
A rebuild with no finish line for Chelsea?
Chelsea have indeed made headlines for their relentless recruitment drive since Todd Boehly’s takeover in 2022. Over £1 billion has been spent on young prospects tied to long-term deals, but consistent success remains elusive.
Enzo Maresca’s side has won only one of their last four matches, including dropped points against Brentford and Manchester United, plus a Champions League defeat to Bayern Munich.
Carragher questioned when the club will stop hiding “behind a prolonged transitional phase” and start buying proven stars who can immediately push the team to the next level.
His verdict strikes a nerve as Chelsea sit adrift in the title race, with even Maresca admitting it may be “impossible” to catch Liverpool this season.
The Blues now face three straight home games to steady their campaign, beginning with Brighton.
But with questions piling up off the pitch, fans may be wondering if Chelsea’s biggest opponent is their own recruitment obsession.
