Chelsea transfer news: How can the Blues keep spending?

Mykhailo Mudryk, Raheem Sterling and Joao Felix among the 14 caller signings made by Chelsea this season

Chelsea's signing of Mykhailo Mudryk took their spending this play past the £400m people with 2 weeks to spell earlier the extremity of the latest transportation window.

That comes aft a summertime successful which they spent a Premier League grounds £270m - the second-highest summertime walk by immoderate nine successful the satellite aft Real Madrid (£292m) successful 2019.

So however tin they spend to support spending, and however bash the numbers enactment with respect to Financial Fair Play rules? BBC Sport takes a person look astatine the sums.

Firstly, what are the rules connected spending?

There are 2 sets of rules that Chelsea person to adhere to - the Premier League's nett and sustainability rules and, arsenic they regularly play successful European competition, Uefa's Financial Fair Play regulations (FFP).

Premier League profitability and sustainability rules let for full losses of £105m implicit a three-year period. Any nine that posts losses successful excess of that fig could look penalties, including ample fines oregon adjacent a points deduction.

Under Uefa's existent rules, clubs tin walk up to 5m euros (£4.4m) much than they gain implicit a three-year period. They tin transcend this level to a bounds of 30m euros (£26.6m), if it is wholly covered by the club's owner.

Uefa has a wide-ranging database of imaginable punishments for clubs which interruption these rules - such arsenic Wolves successful 2020 - from warnings, fines oregon adjacent the nonaccomplishment of European titles.

However, new Uefa rules introduced successful June bounds clubs' spending connected wages, transfers and agents' fees to 70% of their revenue, though permitted losses implicit a three-year play person risen to 60m euros (£49.96m).

Clubs person been fixed 3 years to instrumentality these changes.

Football concern adept Kieran Maguire estimates that Chelsea lone had a three-year FFP nonaccomplishment of £5m successful their astir caller accounts, which spell up to 2021, truthful person a just magnitude of leeway successful presumption of permitted losses.

How tin Chelsea support spending truthful much?

Kieran Maguire connected BBC Radio 5 Live's Monday Night Club:

There are 2 issues: tin they spend it successful presumption of cash? They tin due to the fact that they are buying players and paying for them successful instalments. So the finances of the nine itself are fine.

With regards to Financial Fair Play, the accounting is much Harry Potter than Graham Potter successful the consciousness that it's rather weird and wonderful.

When you bargain a player, you dispersed the outgo of the subordinate implicit the beingness of the contract. If we instrumentality a look astatine Mykhailo Mudryk, they bought him for £89m and helium is connected an eight-and-a-half-year contract. When you merchantability a player, each of the profits are taken into the accounts instantly [even if existent payments are made successful instalments]. We person got the income of Tammy Abraham and Fikayo Tomori. That was £77m worthy of profit.

They besides won the Champions League, they won the Uefa Super Cup, they won the Fifa World Club Cup and each of that was other wealth coming in. So things aren't arsenic atrocious arsenic I deliberation immoderate of the commentators are making out.

• Chelsea motion Mudryk connected £89m eight-year deal
• Club are successful 'complete disarray' implicit transfers - Sutton
• Who volition beryllium in? Who volition beryllium out? MOTD analyses Chelsea's attacking options

Chelsea's ins and outs

What are the risks?

Football concern adept Kieran Maguire:

It's a precise high-risk strategy.

If the players crook retired to underperform, you person past got a subordinate connected a full wage outgo of £7m oregon £8m a twelvemonth and you are committed to that for 7 to 8 years. No different clubs are consenting to instrumentality that wage disconnected your hands for specified a agelong play of time. So you've got 4 oregon 5 players who are blessed to beryllium down for the remainder of the contracts. They are adjacent taking up abstraction connected your 25-man roster arsenic acold arsenic Uefa is acrophobic oregon they are tying up abstraction connected your payroll.

If they are fantastic players, it is large due to the fact that it means that if Real Madrid travel calling successful 2 years' time, you person inactive got 5 oregon six years remaining connected the declaration and tin extract the maximum fee.

• Listen to the Monday Night Club connected BBC Sounds

What if Chelsea neglect to suffice for the Champions League?

Kieran Maguire to Sky Sports:

It would beryllium restrictive. If you instrumentality erstwhile Chelsea won the Champions League successful 2021, they generated astir 120 euros (£106m) successful prize money. You tin expect to marque £3-4m per location crippled positive bonuses from sponsors.

Compare that to the Europa League. For each £1 you marque successful that competition, you are making astir £4.50 successful the Champions League, truthful determination volition besides beryllium a important effect if you don't qualify.

• Visit our Chelsea leafage for each the latest Blues news, investigation and instrumentality views
• You tin present get Chelsea quality notifications successful the BBC Sport app - find retired more

• Our sum of Chelsea is bigger and amended than ever earlier - here's everything you request to know to marque definite you ne'er miss a moment
• Everything Chelsea - spell consecutive to each the champion content