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Liverpool Echo
Liverpool Echo
Sport
Dave Powell

New Chelsea owner sends spending warning to Liverpool and rivals

New Chelsea owner Todd Boehly believes that major clubs will no longer be able to sign players "at any price".

US businessman Boehly fronted a consortium that took over Chelsea last month, emerging victorious in a bidding process of that lasted a number of months, ever since the sale of the club had to be expedited after former owner of 19 years - Roman Abramovich - was forced to sell the club due to him being hit by UK Government sanctions in the wake of Russia's military invasion of Ukraine, with Abramovich having had historical ties with Russian president Vladimir Putin.

The Abramovich era at Chelsea changed the landscape in English football forever when he breezed in back in 2003 with an open chequebook, a willingness to lose lots of money and a desire to win trophies. When the Russian left Chelsea the club had racked up some £1.5bn in loans to his firm Fordstam Ltd, although their former owner wrote off the large sums owed to him.

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