Source: Daily_Mail
Chelsea fans warned big-spending days are over
Chelsea have issued a stark warning that their days of heavy spending are coming to an end. [LNB]The champions have been among the biggest spenders during the last five years thanks to the huge fortune of owner Roman Abramovich.[LNB] They are considering an audacious move to land Liverpool striker Fernando Torres this summer in a deal that could cost over £50million. [LNB] Target: Reds striker Torres has been linked with a move to Stamford Bridge[LNB]But despite lining up that huge deal, chairman Bruce Buck has warned they must slash their spending in the transfer market. [LNB]He also insisted that any players wanting improved terms will be disappointed - another hint that out-of-contract Joe Cole has played his last game for the club. [LNB]It comes as UEFA prepares to introduce rules that prevent clubs from spending more than the their revenues. [LNB]Any clubs failing to match the criteria could be thrown out of European competition. [LNB]Buck said: 'Something is going to happen in the next six months. We have looked very closely at the proposed rules and starting now we are going to have to be very careful on transfer fees and in salary renegotiation because having a positive profit and loss statement will be crucial in getting a UEFA licence and participating in the Champions League. [LNB]Straight talking: Buck has warned Blues fans[LNB]'Even if we wanted to spend more money we just won't be able to so we have to do what is necessary to comply with the new rules.[LNB] 'I think there will be some changes around the edges but in round terms your football income is going to have to equal your football expenses. [LNB] 'I think personally it is very significantly different if a club gets money from its owner than a club going out and borrowing money from a bank, and I think the rules ought to take account of that. It is unclear at the moment whether they will. [LNB]'It seems strange to me also and one of the problems that we see with the current formulation is that it is going to maintain the status quo.[LNB]'In other words, if owners cannot put money into their clubs then it is going to be very difficult for the club that is, say, at the bottom of the Premier League to work its way up to the top, or a club from the Championship to move into a respectable position in the Premier League. We don't think maintaining the status quo is right.'[LNB] Franck Ribery snubs Chelsea to hit jackpot with four-year Bayern Munich dealRonaldo, Kaka, Villa and Fabregas show the Premier League is no match for Spain's La Liga Bayern star Robben accuses his old Chelsea boss Jose of winning ugly Chelsea have £17m Toure bid rejected as City and Arsenal eye Barca battlerCHELSEA FC
