European football governing body UEFA has fined Chelsea for breaching FFP rules as a result of “submitting incomplete financial information”.
According to UEFA, the matter relates to transactions which took place between 2012 and 2019. Chelsea was fined £8.57m.
The Blues have spent around £600m on 19 new players since new owner Todd Boehly took charge of the club in May 2022, but their fine relates to a seven-year period while Roman Abramovich had control of the club.
“Following the club’s sale in May 2022, the new ownership identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership,” it said.
In a response, Chelsea said they “fully co-operated and assisted Uefa” in their investigations and “entered into a settlement agreement” with the governing body.
“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,” said the Premier League club.
