Chelsea has spent over $600 million on new signings. Here's why that's significant

    Chelsea owner Todd Boehly prior to a Premier League match between Chelsea and Manchester United at Stamford Bridge, London.

    (CNN)By all accounts Arsenal was very much in the running to sign Ukrainian superstar Mykhailo Mudryk during the January transfer window. As the current Premier League leader, the 22-year-old forward had the potential to be a pivotal addition in the title race.

    Instead, Mudryk signed for Arsenal's crosstown rival, Chelsea.
    Now run by American businessman Todd Boehly, Chelsea swooped in to sign Mudryk for a transfer fee of $75 million with an additional $35 million expected as a bonus payment, according to Mudryk's former club, Shakhtar Donetsk.
      Mudryk's acquisition -- as well as the deadline day, British-record $132 million deal for Enzo Fernández -- demonstrated what a manic January transfer window it's been Chelsea, one in which the club's spending has topped $350 million, according to Transfermarkt, and which has seen eight players arrive, including a raft of attackers.