Chelsea hoping to raise staggering £500MILLION as Todd Boehly seeks loan to keep up with Premier League rivals

CHELSEA are looking to raise up to £500million from US financial institutions.

The big spenders of Stamford Bridge are seeking a loan — something other Premier League clubs have done in recent years.

Todd Boehly is seeking a loan to continue Chelsea’s cash splashGetty

It comes amid a remarkable period of transfer spending from new owner Todd Boehly.

The American, 50, has spent £1BN across the last three transfer windows.

Yet the unprecedented level of spending has done nothing to improve Chelsea on the pitch.

Managers Thomas Tuchel, Graham Potter and Frank Lampard all left in difficult circumstances last season.

And Mauricio Pochettino is now struggling to get a tune out of his inflated squad.

The Blues have won just one of their opening six Premier League games.

That dreadful start leaves them 15th in the table ahead of a West London derby with Fulham at Craven Cottage on Monday night.

They have been linked with a number of signings in the January transfer window.

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Brentford’s Ivan Toney and Napoli’s Victor Osimhen are two strikers mooted as possible targets for the Blues.

But former player Frank Leboeuf feels Boehly’s ownership of the club could prove fatal for Chelsea.

He told CasinosEnLigne.com: “Let’s be realistic – Chelsea are a mid-table club. Attracting players will be tough and players like [Kylian] Mbappe won’t want to come.

“The big players want to play in the Champions League. Arsenal had that problem for years, and so did Manchester United.

“Top players won’t come to Chelsea because the club has fallen.

“It’s unbelievable what the club has become just two years on from their Champions League win. I’m disgusted with it.

“I have nothing against Todd Boehly, but they need to change things quickly or else they’ll kill the club.”