Chelsea ready to pay £31m for Gerrard

Alan Nixon
Wednesday 16 June 2004 00:00 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Chelsea are ready to pay £31m up front for the Liverpool captain and England star Steven Gerrard. Owner Roman Abramovich wants the midfielder to be his notable signing before the new season and now he plans to use his vast wealth to get his man.

Chelsea are ready to pay £31m up front for the Liverpool captain and England star Steven Gerrard. Owner Roman Abramovich wants the midfielder to be his notable signing before the new season and now he plans to use his vast wealth to get his man.

Abramovich is prepared to pay a huge fee and give Liverpool the money without staggering payments or including instalments. Most fees are paid over the length of a contract.

Financially this would be worth more to Liverpool because of the interest the £31m could be worth over the course of five years. The cash would be some consolation for Liverpool if they lose their home-grown captain and inspiration, and the funds are needed for rebuilding the team at Anfield.

Liverpool have been talking to Thailand investors and local millionaire Steve Morgan about ways of raising funds, but Chelsea's offer would present an instant solution.

Gerrard knows of Chelsea's interest and may be tempted by the size of his personal salary, around £6m a year. Chelsea are looking for a big signing after reportedly failing with bids for Ronaldinho, David Beckham and Roberto Carlos.

Gerrard signed a new three-year deal in November last year and it is generally believed that Liverpool's search for a new manager was, in part, motivated by a desire to meet the ambitions of their top players such as Gerrard and Michael Owen .

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in