Chelsea Pledges £50 Million Fine for Rule-Blind Mishap
LONDON (AP) — Chelsea has been handed fines totaling 10. 75 million pounds ($14. 3 million) and a suspended transfer ban for breaking financial rules, the Premier League said Monday.
Sanction agreements were reached after Chelsea self-reported potential breaches to the Football Association that came to light in 2022 when American investors Todd Boehly and Clearlake Capital led a consortium to buy out former owner Roman Abramovich . “It was established that between 2011 and 2018, undisclosed payments by third parties associated with the club were made to players, unregistered agents and other third parties,” the league said in a statement. “These payments were not disclosed to the football regulatory authorities at the time, including the Premier League.
” The competition said the payments “constituted a breach of the requirement to act in good faith towards the league. ” Chelsea accepted the fine ratified by an independent commission, the league said, and has been given an immediate nine-month academy transfer ban and a suspended one-year transfer ban for first-team players. ___ AP soccer: https://apnews.
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