(Video): How Chelsea will avoid FFP hit despite massive transfer spend

Chelsea’s financial results came out this week and revealed a second consecutive year of losses.

The worst part is, that doesn’t include the huge money spent in the last 12 months by the new ownership, which will make this upcoming year a bigger black hole than the last two combined.

But there is a way out of this mess before FFP come in and sanction us. Simon Jordan – who knows a thing or two about disastrous club finances – explained how on his TalkSport show today.

You can see his explanation in the clip embedded here:

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