Chelsea Football Club has been fined £10.75 million ($14.27 million) and received a suspended one-year transfer ban for historical breaches of Premier League rules, according to multiple reports.
Key Takeaways
Chelsea Football Club has been fined £10.75 million ($14.27 million) and received a suspended one-year transfer ban for historical breaches of Premier League rules between 2011 and 2018. The sanctions relate to undisclosed payments made by third parties associated with the club during Roman Abramovich's ownership.
- Chelsea fined £10.75m ($14.27 million) for breaching Premier League rules
- Club receives suspended one-year transfer ban and immediate nine-month academy transfer ban
- Payments were made between 2011 and 2018 by third parties associated with former owner Roman Abramovich
- Chelsea avoided a points deduction due to proactive self-reporting and cooperation
The sanctions relate to undisclosed payments made by third parties associated with the club between 2011 and 2018 during Roman Abramovich's ownership. The payments were made to players, unregistered agents, and other third parties. According to Sky News, more than £47.5 million of these undisclosed payments were made.
The Premier League found that the payments should have been treated as having been made by Chelsea itself. However, it was determined that even if the payments had been properly included in historical financial submissions, the club would not have breached profitability and sustainability rules (PSR).
Chelsea's proactive self-reporting, admissions of breach, and exceptional cooperation were cited as mitigating circumstances. The club shared more than 200,000 documents with the Premier League during the investigation.
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