Former Manchester City financial advisor Stefan Borson has accused Chelsea of 'deliberately ignoring' the Premier League's profit and sustainability guidelines amid the London club's continued spending.
Monday's £115million purchase of Moises Caicedo took the Blues' outlay on new talent to over £800m in the three transfer windows since a Todd Boehly-led consortium purchased the club in 2022.
Chelsea have spent more than every club in LaLiga in that period and have only narrowly been outspent by the 18 clubs in Germany's top-flight.
This has led to questions about how the Premier League outfit have been able to enjoy such an extraordinary splurge while adhering to the league's financial rulings that allow teams to incur loses no greater than £105m across a rolling period of three seasons.
Borson - a former banker and current lawyer with extensive knowledge Financial Fair Play - believes the Blues are knowingly flaunting guidelines after Boehly 'overpaid' in acquiring the club for £4.3billion last May.
'You're talking about a club that's never made a profit in 20 years,' Borson told talkSPORT. 'They have historically operated at a loss and filled that gap by selling footballers.
'Then what's happened is Todd Boehly's come along and I just want to say very clearly [he] knows exactly what he's doing. Nobody would deny the quality of his team, of the individual. There's no question.
'There's nothing that any of us can say on the outside that they haven't thought about and that's why I posit that this is all part of a strategy.
'To deliberately ignore the Premier League's profit and sustainability rules in order to accelerate the success of Chelsea.
'That's partly because we all know in the background that Boehly, for all of his business success and wealth, has overpaid for Chelsea by a very considerable amount.
'It happens. Wealthy people sometimes make mistakes and he's made a mistake in terms of what he paid for the club. He now wants to accelerate the success of the club. '
As in seasons gone by, the Stamford Bridge outfit have successfully used player sales to fuel their purchases. Nine first team players have left the club for a fee this summer, while a further eight departed at the end of their contract which freed up funds in their wage bill.
Owing to Boehly's knowledge of the US sports market, where he has flourished as the owner of MLB outfit the LA Dodgers, Chelsea have become the poster child for amortisation.
The accounting process by which club's are able to spread the cost of purchases over the length of a player's contract, while including the full sum of a sale in that year's books.
This tactic has seen the side agree extended terms with several recent arrivals. Caicedo, the most recent example, agreed an eight-year contract with an option for a further 12 months.
Though, according to reports, it may not be a technique the club will be able to exploit for much longer. As Mail Sport earlier reveled, the Premier League are considering closing the loophole.
'This hasn't been discussed formally,' one league source said. 'This hasn't been discussed formally, but is something we will look at. Alignment with UEFA rules would make sense for all parties.
'The only club currently handing out eight-year contracts on a regular basis is likely to be involved in UEFA competitions soon, as are any others that follow suit.'
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