The Premier League plans to give the first blow to Chelsea, after the crazy spending

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Chelsea have spent a serious amount of money to be competitive since Todd Boehly took charge of the club last year.

The Blues have been able to spend close to a billion euros signing new players on longer contracts of up to 8 years and spreading the transfer fees over that period.

UEFA responded to this strategy by setting a five-year limit on transfer fees that must be paid regardless of the length of the deal.

There is no such rule limiting such a financial strategy in the Premier League, but that looks set to change.

According to the Daily Mail, seriousness over the accounting rules has been raised with the Premier League by some clubs and is set to be discussed at club meetings this season, with a view to a rule change being introduced next summer.

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A Premier League source said: “This has not been officially discussed but it is something we will look at. Alignment with UEFA rules would make sense for all parties.”

“The only club currently handing out eight-year contracts on a regular basis is likely to be involved in UEFA competitions soon, as are any others who follow suit.”

The rule change will not affect players and contracts already at Chelsea, but will limit future ones.

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