The January transfer window set several records in the Premier League, with Chelsea's eye-watering spending spree sending shock waves across the football world.
Todd Boehly's takeover last year resulted in major acquisitions ahead of the start of this season, including Raheem Sterling, Wesley Fofana and Kalidou Koulibaly, but it is the mid-season business that has really thrust the club under the spotlight.
Chelsea's spending has split the footballing world down the middle, with some concerned by the outlay and what it means for Financial Fair Play (FFP), while others praised the club's hierarchy for their determination and ambition.
Here, Stats Perform has broken down the Blues' activity, the controversies and FFP impact, as well as the vast differences to Europe's other top leagues.
Spending spree
Eight new faces arrived at Stamford Bridge in the mid-season window, seven of which were permanent signings, and all of whom were aged 23 or under.
Chelsea's business shows a focus on the future, having paid a premium price for talent and potential rather than established stars – the exception perhaps being Atletico Madrid loanee Joao Felix.
Capped 28 times by Portugal, Joao Felix was a statement addition until the end of the season with the hope he can provide the cutting edge Chelsea have lacked in the final third and push the club back into the hunt for Champions League football.
The other seven additions, however, fit a different mould. While they will likely be utilised by Graham Potter this season, they all represent a relatively unknown quantity, despite some impressive feats.
In the record-breaking deal to sign Enzo Fernandez from Benfica, Chelsea paid a fee higher than a British club ever has previously to bring in the Argentine, who was named young player of the tournament in his nation's World Cup-winning campaign.
Yet he does not even have a full year of European football under his belt, with the situation similar for Mykhaylo Mudryk – a player who caught the eye with his Champions League displays, but one who has not featured in a top domestic league.
In total, Chelsea reportedly spent more than £280million on Fernandez, Mudryk, Benoit Badiashile, Noni Madueke, Malo Gusto, Andrey Santos and David Datro Fofana.
Only two, Badiashile and Gusto, were signed from one of Europe's top-five European leagues, and Ligue 1 is widely considered to be the weakest financially compared to the Premier League, LaLiga, Serie A and Bundesliga.
While the figures spent have led to scrutiny, a bigger cause of controversy is the apparent exploitation of a loophole in FFP regulations by issuing long-term deals to spread the fees across several years of financial reports.
According to reports, the Chelsea hierarchy believe they are the first to exploit a football transfer market weakness in the valuation of younger players and with the length of contracts given to signings.
Chelsea controversy
Amortisation of the fees spent in the January window has allowed Chelsea to spread the costs of their spending spree for budgetary purposes across the next eight seasons and beyond, handing out contracts with lengths that have rarely, if ever, been seen before.
Mudryk penned an eight-and-a-half-year deal at Stamford Bridge, tying him down beyond 2030, with similar deals issued to the rest of their January additions.
In fact, the shortest contract issued by the Blues was the six-year deal for striker Fofana, running until 2029, and even that is longer than most of the rest of the Premier League teams have handed new signings last month.
To put how it works into context, the majority of Chelsea's spending spree in excess of £280m will be spread across eight years, resulting in an annual cost of just £35m.
Chelsea can easily offset that cost with player sales which, unlike transfer fees for purchased players, are booked immediately into the financial records in one lump sum – and Potter has a number within his squad who could be sold at the end of the campaign.
This approach, crucially, is not against FFP regulations but UEFA has reportedly identified the loophole and are shifting the goalposts in future by setting a five-year limit for FFP – although this would not change things hugely.
If Chelsea's £280m spree was spread across five years, it would equate to £56m a year. Again, that is a fee the Blues can offset with player sales, TV revenue and sponsorship deals.
On top of this, from 2023-24, the allowable loss limit in FFP will be doubled from €30m (£26.6m) to €60m (£53.2m), while clubs judged to be in good financial health will be granted a further €30m in allowable losses over a three-year period.
That means that Chelsea could be permitted to lose as much as €90m (£80m) over three years, triple the old limit.
European impact
The most eye-catching fact from the January window is that Chelsea spent more than the Bundesliga, Ligue 1, Serie A and LaLiga combined – as well as spending more than the other 19 clubs in the Premier League.
Spending in England dwarfed that on the continent, with a reported outlay of over £800m from the Premier League compared to £110m in Ligue 1, £60m in the Bundesliga, £25m in Serie A and £25m in LaLiga.
While Chelsea's spending made up the majority of the Premier League figures, the divide between English football and the other top leagues in Europe is highlighted by spending elsewhere in the league.
Four of the bottom five clubs in the Premier League spent a reported total of £175m on new players, a figure that eclipses the total spending from any of Europe's other top five leagues.
European clubs, to put it simply, cannot compete. Brighton and Hove Albion staved off bids in excess of £70m for Moises Caicedo and it is difficult to imagine a similar situation had such a figure been offered to a side on the continent amid the current economic climate in football.
The biggest difference is that Premier League sides can afford to take risks and fail in the market, whereas those in Europe have no choice but to be more shrewd in their spending or suffer huge consequences – just take a look at Barcelona.
English clubs, meanwhile, can simply cut ties if things do not work out. Chelsea spent a reported £97.5m to sign Romelu Lukaku, only to loan him to Inter just a year later, while Timo Werner arrived from RB Leipzig in 2020 for a reported £45m and returned to the Bundesliga side last year for almost half that fee.
Chelsea are not alone in that regard. Arsenal's club-record signing Nicolas Pepe, signed for a reported £72m, is spending the season on loan at Nice, Tottenham's club-record signing Tanguy Ndombele is similarly outcast and Paul Pogba left Manchester United for nothing after the club paid a reported £89.5m to capture him from Juventus.
Two years ago, football rallied against the creation of a European Super League but the reality is it already exists – it's just known by a different name.
Nashville SC v Atlanta United: Long-time coach Smith departs in shock move
Gary Smith has left Nashville SC, with the team confirming they have parted company with their long-serving head coach.
Nashville beat Toronto FC on Wednesday, moving up to 10th in the Eastern Conference.
Yet on Thursday, the team confirmed they had decided to part ways with Smith, who had been in charge for seven seasons.
Smith won 52 MLS games during his spell in charge, while also leading Nashville to the Leagues Cup final in 2023.
Nashville face Atlanta United on Saturday, with ex-player and now player development coach Rumba Munthali stepping in as interim head coach.
No reason was provided for Smith's departure. He has been joined in leaving the club by assistant coach Steve Guppy.
A Nashville statement read: "Nashville SC extends its gratitude to Smith and Guppy for their dedication and contributions to our team and wishes them and their families all the best in their future endeavours.
"Under Smith's leadership, Nashville SC emerged as a very organised and hard-to-beat team in both leagues.
"In the USL Championship, Smith guided the team to a 32-win record over two seasons, including two playoff appearances and a second-place finish in the Eastern Conference in 2019.
"His transition to MLS with the club was seamless, leading Nashville to four consecutive MLS Cup playoff appearances, a feat only achieved by two other teams in the league's history."
PLAYERS TO WATCH
Nashville SC - Hany Mukhtar
Mukhtar has scored five goals in nine career regular-season matches against Atlanta. Only Luciano Acosta (nine goals in 17 games) has scored more times against the Five Stripes.
Atlanta United - Thiago Almada
Almada has scored in all three of his career MLS matches against Nashville. No player has ever scored in four consecutive regular-season meetings versus Nashville, though Daryl Dike did score in four straight for Orlando City, including playoff games.
MATCH PREDICTION: NASHVILLE WIN
Despite Smith's departure, Opta's model still predicts a positive outcome for Nashville.
Atlanta are winless in 11 straight MLS away matches (D5 L6 incl. playoffs) dating back to last September. It is the longest active road winless run in MLS.
Nashville have won two straight home matches, their first regular-season home winning streak since a run of six straight last April-July. They managed just two wins in 12 home league games between the two streaks (D6 L4).
Atlanta's 4-0 home win over Nashville last August ended a seven-match winless run for them in the series (D3 L4). Atlanta won their first visit to Nashville, 2-1, in the latter's inaugural match in March 2020, but the Five Stripes are winless in five visits in all competitions since (D2 L3).
OPTA WIN PROBABILITY
Nashville SC - 46.2%
Atlanta United - 25.5%
Draw - 28.3%
FC Cincinnati v St. Louis City: Noonan looking for improved performance despite Atlanta win
Despite watching his side beat Atlanta United in midweek, FC Cincinnati head coach Pat Noonan still wants more from his side when they host St. Louis City this weekend.
Kevin Kelsy's seventh-minute strike was enough to earn Cincinnati a 1-0 win over Atlanta to make it five straight MLS victories.
Cincinnati currently sit second in the Eastern Conference, but Noonan is still demanding more from his side than Wednesday's performance.
"I wouldn't say 'negatives' but [there are] things we could have done better, and here we are with the guys keeping a clean sheet and winning the game," Noonan told reporters.
"They deserve credit and to be proud of the fact that they're still walking off the field with a win tonight."
St. Louis saw a five-game unbeaten streak end as they lost 2-0 to Los Angeles FC in midweek.
The defeat leaves St. Louis ninth in the Western Conference, though they are just three points off sixth-placed Austin FC.
Bradley Carnell is looking to get players back fit and raring to go for the visit to Cincinnati at the weekend, saying: "It's about how we manage over the next couple of days to get a solid, fit line-up for Cincinnati.
"We don't have much time to sit and dwell, and we have to be brave and positive to head to Cincinnati."
PLAYERS TO WATCH
FC Cincinnati – Kevin Kelsy
In his first MLS start, Kelsy scored Cincinnati's lone goal on Wednesday. The 19-year-old has scored in consecutive games, making him the first teenager to score multiple MLS goals for Cincinnati, and if he gets the nod from the off again here, he will once more hope to mark it with a goal.
St. Louis City – Joao Klauss
Having netted four in his previous four games, Klauss drew a blank against LAFC as St. Louis slumped to defeat. He is clearly a key man in St. Louis' attack, and he will hope to get back among the goals this weekend, and with a win too.
MATCH PREDICTION – CINCINNATI WIN
St. Louis beat Cincinnati 5-1 in the lone previous meeting between the sides last April. The four-goal margin is Cincinnati’s largest defeat since the start of last season and equals St. Louis' largest ever margin of victory.
But St. Louis are winless in eight straight away matches in all competitions (four draws, four defeats). St. Louis have won three of their last 23 on the road after winning the first three away matches in club history.
Cincinnati have won five straight regular season matches with all five wins coming by one-goal margins, the first team to do so since the Red Bulls in 2012, and though it may be a tight game again this weekend, the hosts will fancy their chances of coming out on the right side of the result and collecting another three points.
OPTA WIN PROBABILITY
Cincinnati: 44.3%
St. Louis: 28.2%
Draw: 27.5%
Al-Ittihad pegged back as winless run rolls on
Mohamed Sherif scored late on as Al-Ittihad's winless run in the Saudi Pro League stretched to four games after a 1-1 draw with Al-Khaleej.
Al-Ittihad have endured a miserable title defence, and with just two games remaining, the highest the big-spending, PIF-backed club can finish is fourth.
Muhannad Al Shanqiti put them ahead on the stroke of half-time, yet despite having a further eight shots and accumulating 1.07 xG in the second half, Al-Ittihad could not add another.
Their profligacy proved costly in the 81st minute, with Egypt international Sherif snatching an equaliser for 11th-placed Al-Khaleej.
Al-Tai moved out of the relegation zone with a surprise 3-1 win over seventh-placed Al-Fateh, with Bernard Mensah scoring twice.
Al-Raed, meanwhile, claimed a 1-0 win at Al-Wehda.
Data Debrief: Kante the creator?
On the day he received a surprising France recall, N'Golo Kante created three chances for Al-Ittihad, leading the team.
On the flip side, Kante only attempted one tackle, with the midfielder showing a different side to his game, not that it proved fruitful for his team.
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