Home GeneralChelsea hit with suspended transfer ban and £10m fine over Premier League rules breaches

Chelsea hit with suspended transfer ban and £10m fine over Premier League rules breaches

by Luna
3 views

Chelsea voluntarily self reported potential historical breaches (PA Wire)

Chelsea have been hit by a suspended transfer ban and a huge £10.75m fine after reaching a settlement over Premier League rules breaches.

The club has also been hit with an immediate nine-month academy transfer ban, with the one-year first-team ban suspended for two years.

The Blues voluntarily self-reported potential historical breaches of rules in 2022 and an independent commission has now concluded its findings.

A club statement read: "Chelsea Football Club is pleased to confirm that the club has reached a settlement with the Premier League in relation to historical regulatory matters that were self-reported by the club in 2022.

"As previously announced, 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."

Original Article

You may also like

Leave a Comment