Chelsea fined over £47m secret payments but avoid points deduction
📖 Full Retelling
Chelsea have been handed a £10.75m fine and given a suspended transfer ban after breaching Premier League rules over financial reporting, third-party investment and youth development.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
Chelsea fined over £47m worth of secret payments By Sean Kearns BBC Sport Senior Journalist Published 2 hours ago Chelsea have been fined £10m and handed a suspended transfer ban after admitting making £47m in secret payments to unregistered agents and third-parties over transfers between 2011 and 2018. The £10m fine is the largest ever imposed by the Premier League, topping the £5.5m fine given to West Ham United in 2007 over the signings of Javier Mascherano and Carlos Tevez. However, the Blues avoided a sporting sanction, such as a points deduction, for what the Premier League called "voluntarily self-reporting...historical breaches of rules". Chelsea also received an immediate nine-month academy transfer ban and a £750,000 fine over the registration of academy players between 2019 and 2022. The Premier League's report named a number of transfers related to the unregistered payments, including those of Eden Hazard, Samuel Eto'o, Willian, Ramires, David Luiz, Andre Schurrle and Nemanja Matic. There is no suggestion of any wrongdoing on the part of those players. Payments to representatives of another four players are detailed by the Premier League. But their names have been redacted in the report. No reasons have yet been given for them not being made public. The club accepted the charges, which occurred under Roman Abramovich's ownership. The Premier League said "undisclosed payments by third parties associated with the club were made to players, unregistered agents and other third parties" for the "benefit or Chelsea ". The Premier League added that the £10m fine would have been £20m, but was reduced by 50% on account of Chelsea 's proactive self-reporting and co-operation with the process. Chelsea self-reported the potential breaches after Todd Boehly's consortium acquired the club in 2022. The club said: "From the outset of this process, the club has treated these matters with the utmost seriousness, providing full cooperation to all relevant regulators." The ...
Read full article at source