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 on Monday.
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.Related News
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 to be imposed upon the west London side.
Chelsea have also been charged by the Football Association with 74 alleged breaches of the English governing body’s rules, likewise in connection to the information shared by the Blues’ new owners.
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In relation to the settlement with the Premier League, Chelsea said in a statement: “The club voluntarily and proactively disclosed to all applicable regulators potential historical rule breaches, including incomplete financial reporting that took place over a decade ago.
“During an extensive Premier League investigation, the club proactively disclosed many thousands of documents. Also, when requests for information were made by the Premier League, the club promptly provided comprehensive responses and facilitated all lines of inquiry to support a complex and extremely thorough process.
“Furthermore, during the investigation, additional evidence was provided to the club by a third party regarding potential breaches of Premier League rules committed by a former employee in a small number of historical academy transactions. This information was immediately and proactively self-reported to the Premier League.
“From the outset of this process, the club has treated these matters with the utmost seriousness, providing full cooperation to all relevant regulators.
“The club welcomes the recognition from the Premier League of its ‘exceptional co-operation’ and that ‘without those voluntary disclosures and the act of self-reporting, a number of the Premier League rule breaches may never have come to the attention of the league’.”
