Chelsea Football Club has been slapped with a hefty fine of ten million euros by the Union of European Football Associations (UEFA) due to breaches of financial fair play regulations.
What’s astonishing about this penalty is that it harkens back to the “Roman Abramovich era.”
Following Chelsea’s acquisition in May 2022, Todd Boehly, representing the club, immediately engaged with UEFA to address the matter.
The violations pertaining to financial fair play revolve around the club’s failure to furnish complete financial reports for the period spanning from 2012 to 2019, in addition to contravening UEFA licensing rules.
Subsequent to a thorough investigation conducted by UEFA’s competent commissions, a verdict has been reached, resulting in the Blues being levied with a substantial fine of ten million euros.