"If you look at the models that are very successful, Liverpool is a great model," Chelsea co-owner Todd Boehly told Bloomberg.
"Liverpool generates a couple of hundred million more revenue than Chelsea and they generate earnings, so I think there is an opportunity to compete.
Liverpool are also known to be one of the chief backers of the Financial Fair Play, and Boehly appears to embrace it too.
"Financial fair play is starting to get some teeth and that will limit ability to acquire players at any price.
"UEFA takes it seriously and will continue to take it seriously. [More teeth] means financial penalties and disqualification from sporting competitions."
Using Liverpool as a model does not mean not spending money, of course: just this week, the Reds have signed Darwin Nunez for an initial €75m fee.
Boehly's words also bode well for the plans to rebuild Stamford Bridge to increase matchday revenue and make the club more sustainable.