Chelsea confident of avoiding FFP despite potentially spending a record £340m
Premier League top spenders Chelsea are set to blow their transfer record out of the water in the final few days of the summer window but Blues chiefs are still confident of falling in line with Financial Fair Play (FFP) regulations.
Todd Boehly's multi-million-pound takeover has triggered a summer of intense spending for the west Londoners, having already splashed out £210million in the window before Thursday's (September 1) 11pm deadline.
Raheem Sterling's £47.5m switch from Premier League champions Manchester City signalled Chelsea's early intent and the England international was swiftly followed by Marc Cucurella and Kalidou Koulibaly at Stamford Bridge.
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And with three deals still in the pipeline, the Blues are expected to smash their £230m record spree in the final few days of the window, as Thomas Tuchel is ready to rubber-stamp the arrivals of Wesley Fofana, Pierre-Emerick Aubameyang and Anthony Gordon.
According to the Mail, the trio are expected to take Chelsea's summer total to the dizzy heights of £340m and football finance specialists suspect the west Londoners' heavy spending will be closely monitored by UEFA for FFP breaches.
However, the club remain confident these investigations will prove fruitless after balancing the books with the high-profile departures of Romelu Lukaku, Timo Werner and Emerson, who this week joined London rivals West Ham for a cool £13m.
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The report also states that Todd Boehly's purchase in May could have eradicated all previous debt held against the club, meaning the Blues have a fresh slate for transfer business.
Football finance expert Dr Rob Wilson explained: "In layman’s terms, the £4.25billion sale price of Chelsea could have wiped out the debt and losses that had been accumulated at the club over the last 20-odd years so essentially, Chelsea then start at zero base under the terms of FFP.
"Whereas a club like Arsenal, for example, who are consistently owned, cannot write off that debt repayment and those losses in the same way so it frees up cash." Losses due to coronavirus are also still likely to be claimed by Premier League football clubs when handing in their balance sheets.
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