The Premier League have made an adjustment to the transfer loophole that has been very blatantly exploited by Chelsea owner, Todd Boehly.

The Blues have spent more than £1b on signing new players since the American’s 2022 takeover of the club. This was made relatively easy for them by the previous transfer loophole, which allowed for players to be signed to long-term deals, and have their transfer fees amortised over the duration of their contracts.

Chelsea made the most of this by handing players seven and eight-year deals, but the Premier League have now announced that no contract will be allowed to exceed a five-year duration.

A statement from the league earlier this week read: “Premier League Shareholders today agreed to amend the rule on amortization of player registration costs to bring it in line with UEFA’s regulations.

“Going forward, a five-year maximum will apply to all new or extended player contracts.

“Clubs also approved a rule amendment to enable the Premier League Board, in circumstances where a Club owes a transfer debt to another Premier League or EFL Club, to stop the Club registering more players until the outstanding payment has been made.

“The Board can also have the option to deduct the amount from the Club’s entitlement to the League’s central funds.”