"The Premier League has concluded two separate disciplinary processes involving Chelsea Football Club, following the club voluntarily self-reporting potential historical breaches of rules. Two sanction agreements have been ratified by an independent commission under which Chelsea FC has accepted fines totalling 10.75m for breaches of the Premier League's rules relating to financial reporting, third-party investment and youth development."
"The league said its investigation had established that between 2011 and 2018 undisclosed payments were made by third parties associated with Chelsea 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 club has been sanctioned by the Premier League with an immediate nine-month academy transfer ban and a suspended one-year first-team player transfer ban (suspended for two years)."
The Premier League concluded disciplinary proceedings against Chelsea Football Club following the club's voluntary self-reporting of historical regulatory breaches. Chelsea accepted fines totalling £10.75m for violations involving financial reporting, third-party investment, and youth development. The club received an immediate nine-month academy transfer ban and a suspended one-year first-team transfer ban lasting two years. Between 2011 and 2018, undisclosed payments were made by third parties associated with Chelsea to players, unregistered agents, and other parties. These payments were not disclosed to football regulatory authorities and should have been reported as club-made payments. Chelsea accepted that making these payments and failing to disclose them breached the requirement to act in good faith towards the Premier League.
Read at www.theguardian.com
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