"It appears as though Chelsea could be in trouble. England's Football Association (FA) announced on Thursday that the Blues have been charged with 74 breaches of its rules relating to alleged agent payments. The charges relate to the period 2009 to 2022 under Roman Abramovich's ownership, and are largely focused between 2010 and 2016."
"A consortium led by Todd Boehly and Clearlake Capital completed their £4.25 billion takeover of the club in May 2022. The takeover ended Abramovich's 19-year tenure in charge at Stamford Bridge and freed Chelsea from restrictions relating to sanctions imposed on their former owner for alleged ties to Russia's President Vladimir Putin. While undertaking their due diligence on the deal, the new ownership were alerted to what was described as "incomplete financial reporting" during the Abramovich era. And so the new ownership self-reported the various discrepancies to European football's governing body UEFA, the Premier League and the FA."
"In July 2023, Chelsea agreed to pay UEFA €10 million as a sanction for breaching UEFA Club Licensing and Financial Fair Play regulations in transactions taking place between 2012 and 2019. The club were praised at the time by UEFA for "proactively" approaching them to tackle the issue."
England's FA charged Chelsea with 74 alleged breaches of rules concerning agent payments covering 2009–2022, with most allegations focused between 2010 and 2016. New owners Todd Boehly and Clearlake Capital completed a £4.25 billion takeover in May 2022 and uncovered incomplete financial reporting during due diligence. The new ownership self-reported discrepancies to UEFA, the Premier League and the FA. In July 2023 Chelsea paid UEFA €10 million for breaches of Club Licensing and Financial Fair Play in transactions from 2012–2019. The Premier League investigation remains ongoing. Chelsea have until Sept. 19 to respond to the FA charges.
Read at ESPN.com
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