Chelsea spending spree been capped?

I've just read a story in a South African Sunday news paper.

Apparently Luiz Phillipe Scolari was under the impression that he had 28m pounds when the UK transfer window opened again.

Unfortunately the global financial crisis has rocked even the deepest pockets and club owner Roman Abromovich has communicated to him that no money will be forthcoming unless Scolari sells some players....

Interesting times...