
"Between 2011 and 2018, undisclosed payments by third parties associated with the club were made to players, unregistered agents and other third parties. These payments were not disclosed to the football regulatory authorities at the time, including the Premier League. The payments were made for the benefit of Chelsea FC and should have been treated as having been made by the club."
"The Premier League assessed a series of recalculations of the club's historical financial submissions which took into account the payments made for the benefit of Chelsea FC. Importantly, having undertaken that assessment, the Premier League Board was satisfied that in no scenario would the club have breached the League's Profitability and Sustainability Rules during the relevant periods, had the relevant payments been properly included."
Chelsea has been penalized by the Premier League following a lengthy investigation initiated in 2022 after the club self-reported potential violations. The club received a £10.75 million fine, an immediate nine-month academy transfer ban, and a one-year first-team transfer ban suspended for two years. The investigation revealed undisclosed payments made by third parties associated with Chelsea to players, unregistered agents, and other parties between 2011 and 2018. These payments were not reported to football regulatory authorities and should have been attributed to the club. Chelsea accepted the findings and breaches of good faith requirements. The Premier League determined the club would not have violated Profitability and Sustainability Rules had payments been properly disclosed.
Read at 101GREATGOALS.COM
Unable to calculate read time
Collection
[
|
...
]