July 31 – Chelsea have been fined €10 million by UEFA for breaches of Club Licensing and Financial Fair Play regulations.
The punishment comes after the CFCB (Club Financial Control Board) first chamber opened investigations into the club during the 2022/23 season. A conclusion was reached that club had breached FFP regulations by failing to submit complete financial reporting regarding historical transactions between 2012-2019 under previous owner Roman Abramovich.
Following the sale of the club in May 2022, The Blues’ new ownership identified and self-reported the instances committed by their predecessors to UEFA.
Chelsea FC have agreed to pay the €10 million fine and not challenge the decision. The club could face a further €10 million fine it if fails to comply with UEFA financial monitoring rules in future seasons.
“Chelsea has fully cooperated and assisted UEFA with its investigation of these matters and, following an analysis by the UEFA Club Financial Control Body, the club has entered into a settlement agreement with UEFA. Under that settlement the club is to pay a financial contribution of €10 million to UEFA as a fixed payment,” said a club statement.
“In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters.
“We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.”
Contact the writer of this story, Harry Ewing, at moc.l1735378521labto1735378521ofdlr1735378521owedi1735378521sni@o1735378521fni1735378521