Big-spending Chelsea will cut down on buying players in future years, according to billionaire owner Roman Abramovich.

"Our strategy is to bring up our own players through the academy, which we have invested a lot in, and we hope that will give results," the Russian was quoted as saying in Sunday's Observernewspaper.

"We will be spending less in the transfer market in future years."

Abramovich, who has given few interviews since taking over at Stamford Bridge in 2003, said he found it difficult to cope with defeat.

"Something that really disappoints me is when Chelsea lose. I cannot stand it," he said.

Abramovich took special pride in 2005 when the west London club ended a 50-year wait for the top-flight championship.

"Winning the first Premiership was a moment of happiness and I could talk about that for ages," he said.

"This is a joy very different for Chelsea fans who had been waiting for this victory for 50 years.

"I was very happy for myself, not only because Chelsea won the Premiership, but because the victory made so many other Chelsea fans happy. Being an observer to that made me happy."

Sceptics have wondered how long Abramovich will sustain his interest in Chelsea but he described himself as a supporter of special nature.

"People who know me said I will win one or two Premierships and will not be interested after that," said the 40-year-old Russian oligarch.

"The reality is...I am more excited about this particular season than last year or the year before.

"I am getting excited before every single game. The trophy at the end is less important than the process itself."

Abramovich also gave an insight into his relationship with his colourful manager Jose Mourinho.

"We do not have friendly relations but they are warm enough," said the Chelsea owner.

"Generally speaking, I treat him with great respect."