Chelsea have been fined £8.6m by UEFA for an historical breach of Financial Fair Play (FFP) regulations.
The fine relates to incomplete financial reporting concerning historical transactions during the club’s previous ownership. Chelsea’s new ownership group self-reported the matter to UEFA following the completion of their purchase of the club in May 2022.
UEFA’s Club Financial Control Body (CFCB) investigated the matter and has now reached a settlement agreement with Chelsea. Under the terms of the settlement, Chelsea will pay a financial contribution of €10 million to UEFA as a fixed payment.
Chelsea said in a statement: “In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters.”
The fine is the latest in a series of FFP sanctions imposed on clubs in recent years. In 2021, Manchester City were fined £20m and banned from the Champions League for two seasons for breaching FFP rules.
FFP is a set of regulations designed to ensure that clubs do not spend more money than they earn. The rules are intended to create a more level playing field in European football and to protect clubs from financial ruin.
