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Todd Boehly and Clearlake Capital may be about to take one last throw of the dice to solve a PSR problem that they themselves have created. Since buying the club from Roman Abramovich in May 2022, the new regime have spent billions on largely unproven talent. To avoid breaching Premier League Profit and Sustainability Rules (PSR), which limit clubs to financial losses of £105m over a rolling three-year period, they have resorted to creative tactics. At first, Chelsea amortised player transfer fees over ultra-long contracts. After that, Chelsea have turned to intra-group sales, trading two on-s…

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