Chelsea are in line for a £405million cash boost from American investment firm Ares Management.
Blues owners Todd Boehly and Clearlake are seeking new investment to help finance expansion plans, including the proposed redevelopment of Stamford Bridge.
Ares is said to be nearing a deal to provide a capital injection which will also help projects such as a redevelopment of Chelsea’s training ground at Cobham and their multi-club plans.
Chelsea have spent £1billion in the transfer market since being taken over by Boehly and Clearlake last summer, and Clearlake co-founder Jose Feliciano, is quoted by the Financial Times as saying that the club needed to cut costs.
“I think what we are trying to do is reduce the salary and essentially the opex [operating expenses] of the business by over $100 million per year," Feliciano said.
“We have bought an asset that is very coveted by many other potential buyers... the best way to make our club more valuable is to win. The team had a tough first season, our first season, but we have a tremendous amount of talent.”
Chelsea want to build one of the best stadiums in the country and compete for major trophies on the pitch.
Their ambition is to complete the stadium redevelopment project by 2030, as they await a decision on whether a £65m offer to buy a 1.2-acre plot of land next to Stamford Bridge is accepted.
