With so much focus recently on the amount of debt that the top tier Premiership clubs have been taking on, Chelsea’s Russian owner Roman Abramovich has written off the 340 Million Pound debt the team’s put together since buying the club in 2003.

Via DailyMail

Chairman Bruce Buck said: ‘The club’s debt load has been reduced almost to nil in order to provide more long-term stability for the club.

‘The reduction will also enable the club to comply with any regulations on debt levels which are being discussed by the football community.’