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Todd Boehly has been putting faith in clever contracts, young recruits and Potter’s diplomacy... Chelsea’s U.S. owners really do believe they are reinventing the wheel and that their £600m shopping spree is a bargain

To understand the scale of Chelsea owner Todd Boehly’s confidence in rewriting the rules of the transfer market — splashing out £320million last month to add to the £250m spent in the summer — it is worth relating a conversation with someone close to the project.

When it was put to them that this had all been tried before — see the Venky brothers’ demise at Blackburn, Peter Ridsdale living the dream at Leeds or Farhad Moshiri’s scattergun Everton spending — and that you cannot reinvent the wheel in football, there was an indignant response.