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Chris Knight

Chelsea told FFP warning after £485m transfer spend as Newcastle toe the line in January

Chelsea could be in danger of breaching Financial Fair Play regulations if they fail to qualify for next season's Champions League, according to football finance expert Kieran Maguire. The Blues completed a British-record move for Enzo Fernandez on deadline day to bring their total reported spending for the season in excess of £485 million.

Newcastle United have been wary of FFP in recent windows despite the backing of Saudi Arabia's Public Investment Fund. Eddie Howe warned business in January could 'handcuff' the club from making moves in the summer, and it is why the Magpies unsuccessfully sought a loan signing to replace Jonjo Shelvey.

Fernandez is the latest high-profile recruit at Stamford Bridge, joining the likes of Benoit Badiashile, Joao Felix,Noni Madueke, and Mykhaylo Mudryk in the mid-season window. This follows a summer spending spree which saw the arrivals of Marc Cucurella, Wesley Fofana, Kalidou Koulibaly and Raheem Sterling.

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