Abramovich says Chelsea will cut down transfer spending

Big-spending Chelsea will cut down on buying players in future years, according to billionaire owner Roman Abramovich. “Our strategy is to bring up our own players through the academy, which we have invested a lot in, and we hope that will give results,” the Russian was quoted as saying in Sunday’s Observer newspaper. “We will be spending less in the transfer market in future years.”  Abramovich, who has given few interviews since taking over at Stamford Bridge in 2003, said he found it difficult to cope with defeat.