That is because well over £1 billion ($1.3bn) has been invested in fresh faces since Todd Boehly and Co completed a big-money takeover of the club in 2022. Chelsea appeared to have a long-term vision in mind, with many new additions considered to be ones for the future as they were tied to contracts of seven years-plus. Consistency has proved to be an issue, though, with the Blues being accused of giving little thought to who they are bringing in.
Carragher has written in The Telegraph: "Chelsea have achieved the near impossible since Roman Abramovich sold up. They have spent £1.5bn to transform themselves from serial winners of major trophies to serial project managers. The club who once sent fear through their Premier League rivals with their determination to win big prizes right here, right now, appear to be preoccupied with building for the future.
"Chelsea should be title contenders and considered Champions League challengers this season. Instead, their hierarchy seems content to be praised for being the smartest recruiters in the business – the world’s richest development club. It is a head-scratcher as to how anyone can spend so much over the past three years and still come into another season with relatively modest ambitions and expectations upon them."


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