[St Charles Owl]

Wasn't it a line from the film "working girl"

When your at the top you can break the rules but, insert group (girls, boys, teams), like us can't get to the top without breaking the rules.

The FA pretty much have a protection racket for their elite exclusive gentlemen's club.

still nobody has explained how a 106 million pound spend on one player fits in to the fair pay rules.
Does that mean Chelski are generating profits of a billion pound a year, figures might be an exaggeration, but it does seem to for to me.

Chelsea have been able to sign all these players by giving them long contracts. They paid 106m for Fernandez but he is on an 8.5 year contract, so his transfer fee is amortized over the course of his contract so only works out at around 12m per season for FFP purposes. His wages only count per year as well in the year they pay him. So with 450m in revenue they have a lot more cap space than most other teams. UEFA rules say clubs can only spend 70% of revenue on player costs, Premier League rules allow clubs to make a 105m rolling 3 year loss and Chelsea will likely be reporting a profit for the second successive season in their accounts for last season so are within these rules as well.

Problem for Chelsea, and possibly Liverpool will be if they do not get European football, and more importantly CL, then their revenue will drop quite a bit which will impact them in future season. They are still within FFP, both PL and UEFA, for this season even with the signings they have made but without CL football they might be pushing the rules in the not too distant future.