Does the 8 year contract help with FFP?
Amortisation in football has been restricted to 5 years by the governing bodies.
So they can't split it like they did with Enzo Fernandez's contract. They can still split it other the 5 years though.
Other than keeping hold of the player I'm not sure what it achieves for either side. I guess it's a gamble for both. If Caicedo turns into a world beater but Chelsea fall off of a cliff, he isn't getting out of their anytime soon and vice-versa if he's a dud.