Buck says the Chelsea board fully supports Jose Mourinho

Like Mourinho, Lampard's future has been the subject of much speculation - but Buck is confident they will stay.

"We are in the process of renegotiating contracts for Frank and for John Terry too," Buck told Sky Sports.

"We love Jose - he has done a great job here. He told us he has not had talks with other clubs and I believe him."

Lampard, 28, has been linked with a move away from Stamford Bridge and could take advantage of a ruling that would allow him to buy out the remainder of his contract and move on for a fraction of his market value.

But Buck is confident he and Terry will sign up and said: "I am hopeful both will sign revised contracts and be here in the long term."

He understands the vagaries of business. He is very supportive of what we are doing and is pleased with our progress Chelsea chairman Bruce Buck on Roman Abramovich

There were reports earlier this season that Mourinho's relationship with Chelsea owner Roman Abramovich had become strained - and that he was unhappy with the club's lack of spending in the January transfer window.

But Buck denied there were problems between the manager and the board.

"To put the record straight - the manager, the board and the owner will never agree on all things at all times," stated Buck.

"There have been many discussions over the last few years and at the end of them we have always come out with a unified course of action.

"I think he has more than the support he needs."

Asked if he believed Mourinho would be in charge at Stamford Bridge beyond the current campaign, Buck replied: "I do and I hope so too."

Buck was also upbeat over Chelsea's latest financial results.

On Monday the club announced losses of �80.2m for the year up to June 2006 - which represents an improvement of around �60m on last year's results.

Buck remains confident the club will eventually be a self-sustaining business, even if they miss their break-even target of 2010.

"We're still hopeful of being able to achieve that," added Buck.

"The owner is aware of our business plan and we're confident of his support.