Chelsea football club have been fined £10.75 million ($14.27 million) and given a one-year transfer ban that will only apply if they break the rules again, after the Premier League announced the punishment on Monday.
The club has also received an immediate nine-month ban on signing players for their academy.
The punishment came after the club’s new owner, American businessman Todd Boehly, shared information with the league following his takeover of Chelsea F.C. from Russian billionaire Roman Abramovich in 2022.
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The league found that between 2011 and 2018, some payments linked to the club were made by third parties to players, agents who were not officially registered, and other people without being properly reported.
However, the league said that even if those payments had been included in the club’s financial reports at the time, Chelsea would not have broken the league’s Profitability and Sustainability Rules.
Officials also said the punishment was lighter because the club reported the issue themselves, admitted the mistakes, and fully cooperated with the investigation.
