 Thereafter , Abramovich changed the ownership name to Chelsea FC plc , whose ultimate parent company is Fordstam Limited , which is controlled by him . Chelsea are additionally funded by Abramovich via interest free soft loans channelled through his holding company Fordstam Limited . The loans stood at £ 709 million in December 2009 , when they were all converted to equity by Abramovich , leaving the club themselves debt free , although the debt remains with Fordstam . Since 2008 the club have had no external debt . 
