Chelsea news – Torres signs, Luiz deal done, Sturridge makes Bolton move

Torres signs.

Fernando Torres became a Chelsea player yesterday after signing a five-and-a-half-year deal, in a £50m deal, BBC Sport confirmed.

Following a weekend fuelled with speculation the two clubs agreed a fee, which breaks the British transfer record and puts him fourth on the list of Worlds most expensive players.

The cash only deal was given the green light by Liverpool, after they themselves thrashed out a move for Newcastle striker Andy Carroll. Torres is now expected to make his debut against his former club on Sunday at Stamford Bridge.

The Spaniard said: “It’s been two, three, four very hard days for me. I’m really happy – this is a great club. I’m prepared and ready for the challenge.”

Luiz deal done.

David Luiz arrived from Benfica last night as Chelsea finally got their centre-back in a deal worth £21.3m, BBC Sport confirmed.

The Blues’ attempts to sign the Brazilian seemed to have failed just days before the window shut, after the Portuguese club issued a statement confirming talks had again broken down.

With a matter of hour’s left of the January window they confirmed the deal, which also sees midfielder Nemanja Matic – currently on loan at Vitesse Arnhem – join Benfica in the summer.

Speaking to the club website, Luiz said: “It is a major challenge for me but I am determined and confident in my ability to adapt to this excellent league, and I look forward to meeting my new team-mates.”

Sturridge makes Bolton move.

Chelsea striker Daniel Sturridge has made a loan move to Bolton Wanderers until the end of the season, the Press Association confirmed.

The 21-year-old will go straight into the Trotter’s squad for the Reebok stadium clash with Wolves on Wednesday night after limited first XI chances at Stamford Bridge.

Bolton manager Owen Coyle showed his delight at his deadline day capture: “I am really pleased to have Daniel with us. He is a terrific young talent and one of the most exciting strikers in the country. We are all looking forward to working with him.”

Blues announce losses.

Despite success in the Premier League and the FA Cup last season the Blues recorded a loss of £70.9m, according to the Telegraph.

The club insist that despite the poor figures, turnover increased by 1.2 percent to £205.8m and a reduction of the squad’s value was the reason behind the deficit.

A statement read: “The club believes it is now well positioned to meet UEFA’s financial fair play rules.”

However, financial results for the 12 months to June 30th, 2010 indicate that Chelsea Football Club, for the first time since Roman Abramovich took over, has become ‘cash positive’.

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