CHELSEA TAKES SPENDING SPREE TO $1B IN LAST 15 MONTHS

Since taking control of the London club in May last year from fronted by Todd Roman Abramovich, Chelsea's ownership Boehly and Clearlake Capital - has spent $280 million on players in the 2022..

Chelsea took its spending on players to a staggering $1 billion in 15 months under its American owners by signing Ecuador midfielder Moises Caicedo from Brighton on Monday for a reported 115 million pounds ($146 million). It is a record fee for a transfer in Britain, surpassing the 106.7 million pounds (then $131.4 million) that Chelsea paid for Argentina midfielder Enzo Fernandez in the January window.

Since taking control of the London club in May last year from Roman Abramovich, Chelsea's ownership — fronted by Todd Boehly and Clearlake Capital — has spent $280 million on players in the 2022 summer transfer window, $350 million in the January window and now around $370 million, and counting, this summer. It's an unprecedented spending spree designed to remodel the squad in the shortest, most realistic possible timeframe. In the 21-year-old Caicedo, Chelsea believes it has signed one of best young midfielders in the world.