Todd Boehly, Chelsea's co-owner, has stated that the club will not overspend in order to avoid infringing UEFA's Financial Fair Play rules.
UEFA announced the updated spending restrictions for clubs earlier this year, with teams no longer allowed to spend more than 70% of their revenue on transfers, wages, and agent fees.
If clubs break the rules, they may face sporting sanctions. Point deductions, squad limits, and even relegation from UEFA competitions, such as the Champions League to the Europa League, are all possibilities.
Following the £4.25 billion takeover by a group led by Todd Boehly and Clearlake Capital, Chelsea are yet to spend any money this summer.
A meeting between Boehly and Thomas Tuchel has taken place, with the Chelsea head coach expecting to be allocated £200 million to spend on rebuilding the squad to replace the departures of Antonio Rudiger, Andreas Christensen, and others.
Boehly, on the other hand, is aware of Chelsea's financial constraints as a result of the spending limits and will not put the club in jeopardy.
"Financial Fair Play is starting to develop some teeth," Boehly said at the SuperReturn international conference in Berlin. "That will limit the ability to buy players at any price." UEFA is a sports governing body.
Boehly believes there is financial opportunities for Chelsea to make themselves bring in new and further revenues to increase their budgets, acknowledging that Newcastle United will now become part of a new 'Big Seven'.
He added: "The 'Big Six' will become the 'Big Seven' with the Saudi deal for Newcastle. We believe there is going to be opportunity for everyone to win.
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