Chelsea owner Roman Abramovich has a desire to make the club more reliant on bringing through young players, says chairman Bruce Buck.
Abramovich bought Chelsea a decade ago this week and has transformed the club’s fortunes by assembling team after team of big-money signings and by hiring a string of high-profile manages.
Silverware has followed on a regular basis, the highlight being the side’s 2012 UEFA Champions League final triumph over Bayern Munich.
It is estimated that the Russian billionaire has spent over £700 million on players in the past 10 years, but Buck has hinted that Abramovich is keen on nurturing youngsters as opposed to relying on going out and buying the best talent around.
Paying tribute to Abramovich on the club’s official website, Buck said: "In 2003 he was a football fan that had seen some football and got enamoured with the game.
"Since then and very quickly he became an honest to goodness football expert.
"He has spent a lot of time watching players, watching games, talking to experts and he really does know a lot.
"He is certainly very interested in the young players. Almost every time he is at Cobham (Chelsea’s training complex) he watches and speaks to young players, and is really trying to build an institution here for the long term."
Jose Mourinho is back in charge of Chelsea for a second spell and Buck feels the return of 50-year-old, coupled with a desire for Abramovich to continue building the club into a dominant force in world football, marks the start of an exciting new era at Stamford Bridge.
He added: "As far as I am concerned, Mr Abramovich is concerned, the whole board and Jose Mourinho are concerned, it's onwards and upwards, continuing to move the club forward.
"That means more trophies, many more of our younger players coming through from the academy to the first team, doing more and better things for the community, and making our fans happy."
Abramovich has been repeatedly lauded by the club’s fans for the financial commitment he has shown to Chelsea.
Buck said: "He does it for the good of Chelsea Football Club and everybody associated with it, not so that the fans applaud him when he appears in his box on a matchday.
"It's not a vanity project."
|Villa and Reading charged over alleged FA Cup crowd trouble|
|Zeman resigns from Cagliari post|
|Opportunity knocks as Dyche plans for Barnes absence|
|Berbatov dreaming of Champions League semi-final|
|Benzema joins Real´s injury list|
|Jenkinson: West Ham will not settle for mid-table|
|Montella calm over fan frustrations|
|Blanc: Barca are the model for PSG|
|Newcastle just need three more points - Janmaat|
|Gaya: Six finals left for Valencia|
|Muller wary of Porto counter-attacks|
|Bartomeu plays down Pogba link|
|Verratti hails ´essential´ Ibrahimovic|
|Zidane backs PSG to upset Barca|
|America v Montreal Impact: Klopas unfazed by host´s form|
|Vlaar open to Villa stay|
|Shepherd urges fans not to boycott Newcastle|
|Maritimo 1 Nacional 1: Tiquinho ensures derby finishes all square|
|Fiorentina 0 Verona 1: Diamanti and Neto pay the penalty|
|Elche 1 Real Sociedad 0: Bergara gifts win to hosts|
|Van Persie returns in Under-21 game|
|Turkish Super Lig Review: Galatasaray slip sees Fenerbahce go top|
|Russian Premier League Review: Arsenal Tula and Rostov maintain survival bids|
|Frontzeck named as Korkut´s replacement at Hannover|
|Lopetegui wary of Bayern backlash|
|Pastore plays down Cantona´s world best tag|
|PSG absences no excuse for failure - Blanc|
|Suarez sad to see Gerrard leaving Liverpool|
|Cleber injury adds to Hamburg woes|
|Northern Ireland free to play Romania at Windsor Park|
|Juve sweating on Vidal availability|
|Monaco v Juventus: Evra ready to take control|
|Striking concerns for Chelsea after Drogba injury|
|PSG and Chelsea have bid for Dybala, claims agent|
|Pogba can leave Juve for ´right offer´|
|Bendtner dropped after arriving late for training|
|Messi achievement unrepeatable, says Luis Enrique|
|Football League Preview: Preston and MK Dons battling to join Bristol City|
|Real Madrid v Atletico Madrid: Ancelotti optimistic amid injury concerns|
|Iniesta declared fit for PSG second leg|
|Bale remains a doubt for Atletico clash|
|Schweinsteiger set to face Porto, Ribery to miss out|
|No broken cheekbone for Silva|
|Final appearance can remove negativity at Villa - Fox|
|Bale selected in Football League Team of the Decade|
|PSV director: United and PSG want Depay|
|Korkut sacked by relegation-threatened Hannover|
|Sherwood: Pressure all on Arsenal|
|Newcastle in a ´dangerous moment´ - Colback|
|Kovac hopes to have Modric fit for Euro qualifier|
|Copa Libertadores Preview: Cruzeiro boss Oliveira does not fear sack|
|MLS Review: Revs extend unbeaten run, Timbers stun City|
|Fournier proud and disappointed|
|Shaw ready to make an impact|
|Hazard among best three in the world - Mourinho|
|Carver: Newcastle are in relegation battle|
|CAF Champions League Review: Setif get two away goals, Al Ahly denied late on|
|Inzaghi praises Milan derby officials|
|La Liga Review: Granada frustrate Sevilla, Villarreal´s woes continue|
|Inter should have had a penalty, Mancini fumes|
|Ligue 1 Review: Lyon return top after derby draw|
|Inter 0 Milan 0: Disappointing derby ends in stalemate|
|Primeira Liga Review: Sporting made to battle, Penafiel running out of time|
|Balotelli targets officials in latest social media outburst|
|Bundesliga Review: Werder Bremen edge Nordderby, De Bruyne rescues Wolfsburg|
|Serie A Review: Napoli close on stumbling Roma|
|Pochettino congratulates 30-goal Kane|
|Rodgers questions Liverpool´s mental strength|
|Carver counting on experience after latest defeat|
|Sherwood marvels at Grealish potential|
|Eredivisie Review: Dordrecht relegated as Go Ahead Eagles stun Feyenoord|
|Newcastle United 1 Tottenham 3: Losing streak continues amid fan boycott|
|Kouyate elbow on Silva accidental - Allardyce|
|Aston Villa 2 Liverpool 1: Delph ends Gerrard´s hopes of dream farewell|
|Pellegrini hails City response to derby defeat|
|Silva back home after Kouyate elbow|
|Manchester City 2 West Ham 0: Silva injury sours routine win|
|Bayern Munich v Porto: Neuer rallies Germans for uphill battle|
|Barcelona v Paris Saint-Germain: Marquinhos keeps the faith ahead of Camp Nou test|
|Fer closes in on QPR return|
|Crouch set for surgery|
|Dortmund confirm Tuchel as Klopp replacement|
|Adams leaves relegation-threatened Tranmere|
|Real still unsure over Modric injury|
|Tevez rubbishes Juve exit talk|
|Moyes: I had to fight to keep Rooney at United|
|Perth Glory 3 Melbourne City 1: Maclaren treble the difference|
|Dyche: Burnley are too honest|
|Illarramendi eager for Real stay|
|Hazard issues Chelsea warning|
|MLS Review: Injury-time winner buoys Galaxy, Martins shows class for Sounders|
|Pastore talents ´unpredictable´ - Blanc|
|Liverpool much bigger than City - Rodgers|
|AFC Champions League Preview: Evergrande look to progress|
|Clarke expects distraught Federici to bounce back|
|Toure is City´s scapegoat - agent|
|Allegri praises high-flying Juve|
|Athletic Bilbao 4 Getafe 0: Hosts end winless run|