Chelsea fined £10.75 mn for historical financial breaches

London: Chelsea were fined 10.75 million ($14.27 million) and received a suspended one year transfer ban on Monday in relation to historical breaches...

London: Chelsea were fined £10.75 million ($14.27 million) and received a suspended one-year transfer ban on Monday in relation to historical breaches of Premier League rules.

The Blues avoided a points deduction after self-reporting the undisclosed payments of more than £47 million under former owner Roman Abramovich.

The sanctions relate to information shared with the league by the consortium led by American businessman Todd Boehly following their takeover of Chelsea from Russian billionaire Abramovich in 2022.

The Premier League found that between 2011 and 2018 undisclosed payments by third parties associated with Abramovich were made to players, unregistered agents and individuals connected to clubs, helping to facilitate transfers for players including Eden Hazard, Samuel Eto'o and Willian.

The Premier League said those payments, which totalled £47,524,925.74, were made with the "knowledge and approval" of senior former Chelsea officials and were not properly disclosed.