US Edition
Chelsea handed £10.75m fine and suspended transfer ban for making ‘undisclosed payments’
Chelsea accepted a £10.75 million fine and suspended transfer bans after undisclosed payments from 2011-2018, with no points deduction applied, Premier League said.
- On Monday, the Premier League fined Chelsea £10.75m and imposed a one-year suspended first-team transfer ban plus an immediate nine-month academy transfer ban after an independent commission investigation.
- Between 2011 and 2018, undisclosed payments by third parties to players and agents violated Financial Reporting rules throughout the Roman Abramovich era, the league established.
- Chelsea voluntarily self-reported potential historical breaches in 2022 and provided thousands of documents to investigators; 'Chelsea Football Club is pleased to confirm' the settlement, the statement read.
- A consortium led by American investor Todd Boehly and Clearlake Capital completed the purchase in 2022, succeeding Roman Abramovich; the breaches predated the new ownership.
- Immediate operational pressure now constrains recruitment and squad planning, as the nine-month academy transfer ban limits near-term Youth Development while the fine tightens transfer budgets.
107 Articles
107 Articles
Sydney Morning Herald
Chelsea slapped with monster fine
Premier League giants Chelsea have been hit with a huge financial penalty for breaking the competition's rules.
The London club received a fine of £10 million and a suspended transfer ban for undeclared payments to players and informal agents.
Sky News UK
Great Yorkshire RadioChelsea given record £10.75m fine and suspended transfer ban over secret payments
The Premier League said payments totalling more than £47.5m were made from third-party entities linked to the club to facilitate the signing of players, including Eden Hazard, Samuel Eto’o and Willian.
Chelsea Handed Suspended Transfer Ban, Handed USD 14.3 Million Fine. Reason Is This
Chelsea has been handed fines totaling 10.75 million pounds ($14.3 million) as well as a suspended one-year ban from signing players for breaking financial rules during its previous ownership under Roman Abramovich.
Chelsea has been sanctioned this Monday with the biggest financial fine in Premier League history: €12.4 million. The English League has also punished the London club with the ban on signing players for the first team for a season (sanction suspended for two courses, that is, it will not apply immediately, but will be frozen at the expense of Chelsea being a repeat offender) and the immediate impossibility of incorporating footballers into its s…
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