FULL STORY:
be concluded it will bring the Blues' spending under Boehly's ownership to well over £800million, despite the American having only purchased the club last May.
Indeed, Chelsea have been able to spend an enormous amount of money without falling foul of FFP rules, courtesy of a loophole inSince Boehly’s arrival Chelsea have handed out several long-term contracts to spread costs. This is a form of creative accounting used to balance the books by gradually writing off the initial cost of a player over the course of their deal.
And with Chelsea not in European competition this term, they have been able to continue exploiting the FFP loophole., the anomaly in accounting rules has been raised with the Premier League by several clubs and is set to be discussed at shareholders' meetings this season, with a view to a rule change being introduced for next season.
A Premier League source told the publication:"This hasn't been discussed formally, but is something we will look at. Alignment with UEFA rules would make sense for all parties. The only club currently handing out eight-year contracts on a regular basis is likely to be involved in UEFA competitions soon, as are any others that follow suit."The Premier League declined to comment to MailSport's claim. SPORTbible has contacted the Premier League for comment.
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