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FFP has killed small clubs' Premier League dreams - Chelsea chairman Bruce Buck

Financial fair play rules have killed off the dreams of small clubs hoping to win the biggest prizes in English football, Chelsea chairman Bruce Buck said on Thursday.

Chelsea and Manchester City, with heavy financial backing, have won Premier League titles in recent years after decades without success and Buck believes regulations introduced by UEFA mean that will not happen again.

"The dream in England is, if you support a Conference team, that someday you'll win the Premier League. Financial Fair Play has pluses and minuses, and one of the minuses is that dream is now over," Buck told the Leaders Sport Business summit at Chelsea's Stamford Bridge ground.