Chelsea have been fined €10million by UEFA for historical breaches of Financial Fair Play (FFP) regulations.
The Premier League side submitted incomplete financial information. This information related to transactions that took place between 2012 and 2019 under the previous ownership of Roman Abramovich.
Clearlake Capital and Todd Boehly alerted UEFA to the historical cases of incomplete financial reporting.
The €10m fine has settled the matter and Chelsea will face no further sporting sanctions. The West London club are not in any European competition next season after finishing 12th in the Premier League in 2022-23.
The case was overseen by the Club Financial Control Body (CFCB), an independent panel within UEFA. CFCB is tasked with policing FFP and ensuring the regulations are followed.
A UEFA statement read: “With respect to Chelsea FC the CFCB First Chamber concluded that the club breached the UEFA Club Licensing and Financial Fair Play regulations by submitting incomplete financial information.
“Following its assessment, including the applicable statute of limitations, the CFCB First Chamber entered into a settlement agreement with Chelsea. The club has agreed to pay a financial contribution of €10million to fully resolve the reported matters.”
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