News last week that Chelsea posted a loss of £49.5million put a dampener on talk
of owner Roman Abramovich funding yet another winter spending spree.
For the club to meet UEFA's financial fair play regulations and avoid being kicked out of continental competition Chelsea must now post loss of no more than £4.5million this season.
Naturally the club's official line is that this is very doable - revenue is rising despite an early exit from the Champions League. The sceptics, however, point out that Chelsea still received more cash than any other team from Europe thanks to winning the Europa League.
Regardless of the exact strength and weakness it's possible that Chelsea will no longer be able to spend eye-watering sums repeatedly each transfer window.
A quick scan of Chelsea's first team squad suggests this might be a problem; Chelsea have seven players in the first team squad over thirty and added to this are players like Fernando Torres and John Obi Mikel, who lack the requisite quality.
Over the next couple of seasons Chelsea's squad needs to be rebuilt, In particular through the all important spine of the team. Fortunately for the Blues, their on loan players may offer a way forward.
Currently they have Oriel Romeu, Marko Marin, Gael Kakuta, Lucas Pizon, Patrick Van Aanholt, Romelu Lukaku, Christian Atsu, Thorgan Hazard, Thibaut Courtois and Wallace, amongst others, all playing high level football across the continent.
Van Aanholt, Pizon and Kakuta have propelled Vitesse to the top of the Eredivisie, Lukaku has made Everton genuine top four contenders and Courtois is challenging for La Liga and the Champions League with Atletico Madrid. These guys can play.
So as players like Terry and Lampard take a step back from the limelight don't be surprised if Mourinho looks to rebuild his squad by giving Chelsea's wonderkid loanees the chance to star at Stamford Bridge.
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