Chelsea are looking to cut their annual salary by around £80million ($100m), one of Clearlake's co-founders has revealed, with the club also on the verge of significant investment from US firm Ares Management.
Since the takeover from Todd Boehly and Clearlake Capital in 2022, Chelsea have spent around £1billion on player transfers, with their wage bill unsurprisingly increasing amid the mass of incomings.
The club had sought to move on some squad members in the last three windows, with Kalidou Koulibaly, Kai Havertz, N'Golo Kante and Romelu Lukaku among the names leaving this summer either permanently or on loan.