According to Clearlake Capital co-founder Jose Feliciano, plans have been put in place for Chelsea to reduce their wage bill.

Since the takeover alongside Todd Boehly, the club has spent an outrageous amount bringing new players in.

Around £1billon have been spent trying to secure young talents into the team, but the spending have only seen the club occupy 14th position on the league table.

Boehly and Clearlake Capital have taken the approach of handing out long contracts to younger players, helping with amortisation regarding transfer fees.

Reports have previously indicated that gone are the days of high-end wages being handed out per week, instead being lower and spread over extended deals.

In order to aid the efforts to comply with regulations, the club has welcomed the opportunity to sell a number of players signed by the former owners during the summer, some of which tied in with their contracts nearing their expiration dates.

However, during the IPEM private equity conference in Paris, Feliciano has indicated that the English giants will be taking further measures to reduce their wage bill, in at the very least.

Quoted by the Daily Mail, Feliciano said: “We have bought an asset that is very coveted by many other potential buyers. Ultimately, we are extremely aligned with that supporter and fan base because the best way to make our club more valuable is to win.

“The team had a tough first season, our first season. We have a tremendous amount of talent.”