Chelsea's new owners have raised £800m in debt to help fund the club's changes.
Todd Boehly led a consortium that bought the club from Roman Abramovich in May.
The Financial Times says the American financier and Clearlake Capital have now raised £800m, which will go towards the playing squad, stadium and academy set up.
Of the funds raised, £300m is part of a revolving credit facility, while the other £500m comes from a term loan.
On taking control at Stamford Bridge, Boehly and Clearlake vowed to invest a further £1.75bn into Chelsea, having bought the club from Abramovich for £2.5bn.
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