As the signing of Mykhailo Mudryk took Chelsea's transfer spending to a record level in Premier League history, at £445million surpassing the £328m spent by Manchester City in 2017-18, many people have wondered how this can be achieved in the era of financial fair play (FFP).
Under Premier League FFP rules clubs are allowed to lose £105 million over a rolling three-year period, but there are adjustments for virtue spending areas such as infrastructure spend, women's teams, academies and community projects.
In addition, further allowances have been granted following Covid and the impact it had on clubs playing matches behind closed doors and the increased costs of Covid compliance.