New Chelsea Owner Makes Serious Transfer Spending Warning Amid £200 Million Budget

Chelsea co-owner Todd Boehly has insisted they will not overspend to ensure they avoid any risks of breaking UEFA's Financial Fair Play rules.

However, Boehly knows Chelsea are restricted with their finances due to the spending rules and will not put the club in danger of any penalties.

"(More teeth) means financial penalties and disqualification from sporting competitions."

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.

"There will be a reorganisation of the English football league. The opportunity to turn this into a really more valuable asset is available."

"We think the way those clubs go to market is years behind the US model," he continued.

"We think the global footprint of this sport is really undeveloped.

"There are four billion fans of European football. There are 170 million fans of NFL. The NFL generates $15 billion of media money every year. Global club football is a fraction of the NFL media money.

"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."