Chelsea fans are astounded by Cole Palmer’s weekly earnings since joining Stamford Bridge. Following Clearlake Capital and Todd Boehly’s acquisition of the club two years ago, Chelsea has engaged in some questionable transfer dealings, surpassing £1 billion in spending on transfers and lavish contracts. While many signings have underperformed, Cole Palmer has been a standout exception.
The 22-year-old moved from Manchester City to Chelsea last summer and excelled in his debut season in London, scoring 22 goals and providing 11 assists in 34 league appearances in the 2023-24 season.
He capped off the year by winning the Premier League Young Player of the Season award and earned a spot in the England squad for Euro 2024, despite not seeing game time yet. Chelsea invested £42.5 million in Palmer but ensured he aligned with their revised wage structure, aimed at reigning in previous excessive spending.
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According to Capology, Palmer earns £75,000 per week, notably less than high-earning teammates like Raheem Sterling (£325,000), Reece James (£250,000), Ben Chilwell (£200,000), and Wesley Fofana (£200,000). Given Palmer’s outstanding performance, Chelsea fans are surprised and pleased with his comparatively modest salary.