United's dominance.
Ten years on, and Manchester City are now
easily the biggest payers in the Premier League, and Chelsea's accounts
lodged with Companies House show that they are now in third spot in the
'wages league' below United as well.
Chelsea's wage bill in
2012/13 was £176million compared to £182million for Manchester United in
the same season, while Manchester City's was £233million.
Chelsea's
salary bill for the season also includes £4million paid during the
course of the year to former manager Roberto Di Matteo - the accounts
say the sum is for "termination payments and compensation in relation to
changes in the first-team management structure".
The
increasingly-prudent approach to wages at Chelsea reflects the club's
commitment to complying with UEFA's financial fair play rules, where
clubs in European competition can only record losses of 45million euros
(£37.5m) during the first two-year accounting period.
Chelsea have
also benefited from signing the likes of Eden Hazard, Oscar and Juan
Mata before they were established superstars demanding huge salaries,
which also has taken the pressure off the wage bill.
Wages at the
Stamford Bridge club actually fell overall in 2011/12, and the rise last
season was around three per cent compared to an 11.6% increase at
United.
In terms of UEFA's spending rules, Chelsea Football Club
Ltd's accounts state: "The introduction of UEFA's financial fair play
regulations from the 2011/12 season provides a significant challenge.
"The
football club needs to continue to balance success on the field
together with the financial imperatives of this new regime."
The latest figure are in stark contrast to 10 years ago when
Deloitte's
annual football finance review estimated Chelsea's wage bill of
£115million in 2003/04 as "almost certainly the highest in world
football".
In that year, Roman Abramovich's first full season of
ownership of Chelsea, the club registered a 110 per cent increase in
wages.
Source : PA