Chelsea takes spending spree to $1-billion in last 15 months by signing Caicedo for $146-million

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Chelsea takes spending spree to $1-billion in last 15 months by signing Caicedo for $146-million
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Chelsea signs Moises Caicedo from Brighton for $146-million

Chelsea took its spending on players to a staggering US$1-billion in 15 months under its American owners by signing Ecuador midfielder Moises Caicedo from Brighton on Monday for a reported 115 million pounds .

It’s an unprecedented spending spree designed to remodel the squad in the shortest, most realistic possible timeframe. In the 21-year-old Caicedo, Chelsea believes it has signed one of best young midfielders in the world. He is a defensive midfielder who is good on the ball, covers ground quickly and is an intense presser.

Caicedo has signed an initial eight-year deal, which continues Chelsea’s policy of handing out long contracts to spread “amortization” costs of transfer fees across the whole deal.

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