The way that Chelsea continue to spend money in the transfer window is alarming their Premier League rivals, some of whom are considering lodging a formal complaint that they are breaching FFP rules.
They currently state the clubs are permitted to lose £90 million over a three year period.
Since Todd Boehly and his consortium took over the club, they have spent close to £1 billion in the transfer market, and their summer spending does not seem to have stopped.
Chelsea maintain they have done nothing wrong, and will point to the accounting convention that allows them to amortise transfer fees over a five year period, whilst booking the full profit on a player sale in the period in which it occurs.
It helps that the club are not in Europe this year, because UEFA”s FFP regulations are stricter, but the model is also dependent on them qualifying for one of the competitions next season, preferably the Champions League, to help generate the necessary revenues to sustain it.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.