Pedro's move to Chelsea will save his childhood club from financial ruin

Former Barcelona winger Pedro isn't just reviving his playing career with a move to English champions Chelsea, he's also saving his childhood club from its financial troubles.

Pedro completed a €30-million move to Stamford Bridge but, as per his contract, his youth team, Raqui San Isidro, will also receive a small part of that transfer fee, roughly £320,000, as per FIFA’s training and solidarity rules.

Located in the Canary Islands, this fourth-division Spanish outfit was struggling to pay off its debts, but the club's president, Jaime Loenzo, says that Pedro's move has saved the club's financial status in the present and in the future.

"In the three years that I have been president of the club, I've been through several (transfer) embargoes," Lorenzo told Diario de Avisos. "When I took over the club it had €300,000 debts and now it only owes €22,000 in social security plus a loan to a building society."

"With this money that is coming to us, we will be able to clear all of the debts hanging over us," Lorenzo added.

Loenzo has a plan for the financial future of his club, too, saying the financial injection allows him to invest and create a consistent revenue stream.

"We will buy some apartments in order to rent them out and guarantee the club some money," Lorenzo explained. "It will mean we're not dependent on subsidies from the local authorities in the Canaries. We're going to hold a general assembly of members with the intention of writing into the statutes that these flat cannot be sold nor mortgaged. It will guarantee (us) some €5,000 or €6,000 per month."

So, while Pedro's move helps Chelsea compete and gives Barcelona some cash to recoup on the signings of Arda Turan and Aleix Vidal, the real winner here is a small team in the Canary Islands.