Three years into Todd Boehly's ownership, Chelsea's transfers still don't make sense

Chelsea spent 630 million on transfer fees across two transfer windows this summer .

The team finished in the bottom half of the Premier League table last season .

Chelsea signed Liam Delap from relegated Ipswich Town , João Pedro and Jamie Gittens from Brighton .

The club has signed a number of young players, including two 21-year-olds in the Conference League.

Chelsea has spent $2 billion in transfer fees since the summer of 2012 .

Owner Boehly and Clearlake are not sugar-daddy owners, and they're not in the business of sports-washing.

The new owners at Chelsea have come up with two innovations in the way transfers are accounted for in financial regulations.

The second innovation comes with their other club, Strasbourg , in Ligue 1.

Chelsea 's owners have spent a lot of money on this team, but not with a clear vision to improve results.

The value of a soccer team has a relatively large correlation with winning lots of soccer games, raking in the prize money that comes with it, increasing your fanbase, and raising your profile.