Chelsea fined £10.75 mn and hit with suspended one-year transfer ban
AFP | London
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Chelsea have been fined £10.75 million ($14.27 million) and received a suspended one-year transfer ban in relation to historical breaches of Premier League rules, it was announced yesterday.
The London club have also been hit with an immediate nine-month academy transfer ban, the Premier League said.
The sanctions relate to information shared with the league by the consortium led by American businessman Todd Boehly following their takeover of Chelsea from Russian billionaire Roman Abramovich in 2022.
The Premier League found that between 2011 and 2018, undisclosed payments by third parties associated with Chelsea were made to players, unregistered agents and others.
However, the league determined that even if the payments had been properly included in historical financial submissions, the club would not have been in breach of the profitability and sustainability rules (PSR).
Officials said that Chelsea’s “proactive self-reporting, admissions of breach and exceptional co-operation” were also mitigating circumstances when it came to deciding the severity of the punishments.
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