But Chelsea were still doing it after FFP, it was unsustainable as the debt increased every year. Anyway, the new rules won’t allow Chelsea to use that Business model anymore, I think players will be signing on longer contracts to amortise the fees to keep within the spending and wages rules.It is allowed, and we have done similar we turned the debt into equity periodically as we incurred it.
FFP only relates to money in and money out.
Lots of chelsea debt predated FFP too.