Chelsea FC have been fined £10.75 million ($14.27 million) and handed a suspended one-year transfer ban after being found guilty of historical breaches of Premier League rules.
The London club were also given an immediate nine-month ban from signing academy players, according to a statement released by the league on Monday.
The sanctions are linked to information provided to the Premier League by the consortium led by American businessman Todd Boehly after the group completed the takeover of the club from former owner Roman Abramovich in 2022.
Following its investigation, the Premier League discovered that between 2011 and 2018, several undisclosed payments were made by third parties connected to Chelsea to players, unregistered agents and other individuals.
Despite these findings, the league stated that even if the payments had been included in the club’s financial submissions at the time, Chelsea would not have violated the league’s profitability and sustainability rules.
Officials also noted that Chelsea’s willingness to report the issue, admit the breaches and cooperate fully with the investigation were considered when determining the sanctions.
In a related development, The Football Association has also charged Chelsea with 74 alleged breaches of its regulations, based on the same information submitted by the club’s current ownership.
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