Chelsea FC have received over £1bn Roman Abramovich loans in 12 years

Joe Hall
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Roman Abramovich bought Chelsea 12 seasons ago. (Source: Getty)

Roman Abramovich's loans to Chelsea have risen above the £1bn mark.

Chelsea's billionaire Russian owner has loaned a total of £1,041,243,000 to Fordstam, the company through which he owns the Premier League champions.

According to Fordstam's latest accounts for the full financial year ended 30 June 2014, Abramovich's loans to the club rose by £60m from £984m last season.

Technically, Abramovich would be able to recall the loan at 18 months' notice - although he is not thought to have any plans to do so. In fact, the accounts state: "The company has received confirmation from the ultimate controlling party that sufficient funds will be provided to finance the business for the foreseeable future."

Read more: Five things we've learned from Chelsea's financial results

Chelsea's latest Premier League title is the 15th the Blues have won since Abramovich bought the club in the summer of 2003. In that time over £800m has been spent on bringing new players to Stamford Bridge.

According to the Fordstam accounts, Chelsea's playing staff last season was valued at £353m - a fee likely to have risen this campaign following the acquisition of Cesc Fabregas and Diego Costa as well as the development of young players such as Eden Hazard.

Company Paul Heagren says in the accounts that one of the club's key concerns is to ensure it continues to meet Uefa's financial fair play regulation.

Heagren states:

The introduction of the Uefa financial fair play regulations from the 2011/12 season provides a significant challenge. The football club needs to balance success on the field together with the financial imperatives of this new regime.

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