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Boehly warns supporters over spending with Chelsea following 'Liverpool model'

 


New Chelsea owner Todd Boehly has said the club will focus on trying to generate revenue and compete without breaking UEFA's Financial Fair Play rules.

American billionaire Boehly and private equity firm Clearlake Capital completed their £4.25 billion takeover of the Blues from Russian billionaire Roman Abramovich last month.

Abramovich injected billions to improve Chelsea's first-team, but Boehly says the new ownership group have embraced Liverpool as a model for the way they will run the club, using revenue generated to improve.

"FFP is starting to get some teeth and that will limit ability to acquire players at any price," Boehly told the SuperReturn International conference in Berlin, via Bloomberg.

"UEFA takes it seriously and will continue to take it seriously. [More teeth] means financial penalties and disqualification from sporting competitions.

"If you look at the models that are very successful, Liverpool is a great model. Liverpool generates a couple of hundred million more revenue than Chelsea and they generate earnings, so I think there is an opportunity to compete."

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