LONDON, March 16 (Bernama-PA Media/dpa) -- Chelsea have been given a suspended one-year transfer ban and fined £10.75 million (US$14.3 million) in relation to historical breaches of Premier League rules, reported PA Media/dpa.
The London club have also been hit with an immediate nine-month academy transfer ban, the Premier League announced on Monday.
The sanctions relate to information shared with the league by a consortium featuring US businessman Todd Boehly following the consortium’s takeover of the club from Russian billionaire Roman Abramovich in 2022.
The Premier League found that between 2011 and 2018 undisclosed payments by third parties associated with the club were made to players, unregistered agents and other third parties.
However, the league assessed that even if the payments had been properly included in historical financial submissions, the club would not have been in breach of the profitability and sustainability rules (PSR).
The league took Chelsea’s “proactive self-reporting, admissions of breach and exceptional co-operation” into account as mitigating factors in determining the punishment Chelsea should face.
Chelsea have also been charged by the Football Association with 74 alleged breaches of its rules, also in connection to the information the new owners shared with the football authorities.
-- BERNAMA-PA MEDIA/dpa
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