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FC Chelsea have been fined £10.75 million and gave him a transfer ban suspended for one year after admitting historical violations of the rules established by the first division.
The sanctions come after an extensive investigation into £47 million in undisclosed payments made to agents, players and unregistered third parties among 2011 and 2018.
Chelsea also received a Immediate ban on transfer to the academy for nine months and a £750,000 fine related to irregularities in the registration of quarry players between 2019 and 2022.
The Premier League’s £10m fine is the The largest financial fine in the history of the competition.surpassing the £5.5 million fine imposed on West Ham United in 2007 After the controversial transfers of Javier Mascherano and Carlos Tevez.
Premier League punishes Chelsea for financial breaches
The Premier League report highlighted several high-profile Chelsea transfers associated with undisclosed payments.
These deals included players such as:
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Danger of Eden
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Samuel Eto’o
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willian
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ramires
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David Luis
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André Schürrle
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Nemanja Matic
The authorities declared that Neither player was charged with any crime..
According to the league,
“Undisclosed payments were made by third parties associated with the club to players, unregistered agents and other third parties for the benefit of Chelsea.”
Fine reduced after self-reported breaches by Chelsea
The league revealed the fine could have reached £20 millionbut it was reduced by 50 percent because of the club Proactive self-reporting and full cooperation with investigators..
The irregularities occurred during the ownership of the Russian billionaire. Roman Abramovich.
The problems only came to light after a consortium led by the American businessman, Todd Boehly bought the club in 2022 and voluntarily shared information with football authorities.
In a statement, Chelsea said:
“The club voluntarily and proactively disclosed to all applicable regulators possible historical rule violations, including incomplete financial reporting that occurred more than a decade ago.”
The club also confirmed that thousands of documents were handed over to investigators during the process.
No points deduction for the London Club
Amid the seriousness of the financial irregularities, the Premier League concluded that Chelsea would not have breached its Profitability and Sustainability Standards even if the payments had been duly declared.
As a result, the league decided a sporting punishment such as a point deduction was not necessary.
The FA investigation is still ongoing
While the Premier League case has been resolved, Chelsea’s legal problems may not be over yet.
the football association has accused the club of 74 alleged breaches of its rulesalso related to the same historical financial dealings revealed by the new ownership.
Chelsea are reportedly waiting Economic sanctions instead of sports sanctions. of that investigation.
UEFA previously punished Chelsea
This is not the first time Chelsea have faced sanctions over historical financial reporting.
In 2023European football governing body UEFA fined the club £8.6 million for “present incomplete financial information” covering the period between 2012 and 2019.
Abramovich legal battle over Chelsea sale funds
Meanwhile, a separate problem continues to surround the former owner. Roman Abramovich and the funds raised from the Chelsea sale in 2022.
The proceeds of the sale, almost billion pounds sterling, They remain frozen in a UK bank account following sanctions imposed on Abramovich following the Russian invasion of Ukraine.
A legal dispute continues between Abramovich and the UK government over how the funds should be used.
While Abramovich’s legal team maintains that the money should be distributed according to his wishes, British authorities insist that it should be distributed intended for humanitarian aid to Ukraine.
UK Home Secretary Yvette Cooper He recently urged the former Chelsea owner to keep his original promise.
“This money was promised to Ukraine more than three years ago. It is time for Roman Abramovich to do the right thing, but if he doesn’t, we will act.” she said.
The period investigated coincided with a golden era for Chelsea on the pitch.
Between 2011 and 2018the club won:
Despite the financial controversies, the authorities confirmed There is no indication that any of the managers who ran the club during that time were involved in the crime..
However, the revelations have cast a shadow over one of the most successful periods in Chelsea’s modern history as investigations into past deals continue to unfold.
