Chelsea fined 10 million euros by UEFA for FFP violations in the era of Roman Abramovich

Chelsea has been fined €10 million by UEFA for historic violations of Financial Fair Play (FFP) rules.

The Premier League side has provided incomplete financial information regarding transactions that took place between 2012 and 2019 under Roman Abramovich’s previous ownership.

UEFA says Chelsea’s new owner, a consortium led by Clearlake Capital and Todd Boehly that bought the club in May 2022, has informed European football’s governing body of the historic instances of incomplete financial reporting.

The €10m fine has settled the matter and Chelsea will face no further sporting sanctions from UEFA. The west London club will not play any European competition next season after finishing 12th in the Premier League in 2022-23.

Chelsea also reported their incomplete financial reporting to the Premier League when they notified UEFA of the issue. The Premier League has yet to confirm whether they are investigating the club.

The case was overseen by the Club Financial Control Body (CFCB), an independent panel within UEFA with investigative and adjudicative divisions charged with overseeing FFP and ensuring compliance with the rules.

A UEFA statement read: “With regard to Chelsea FC, the CFCB Upper House concluded that the club was in breach of UEFA Club Licensing and Financial Fair Play rules as a result of providing incomplete financial information.

“Following the sale of the club in May 2022, the new owner identified instances of potentially incomplete financial reporting under the previous owner of the club and proactively reported them to UEFA. The reported cases related to historical transactions that took place between 2012 and 2019.

“Following its review, including the applicable statute of limitations, the CFCB Upper House has entered into a settlement agreement with the club that has agreed to pay a financial contribution of €10 million to fully resolve the reported matters.”

A Chelsea statement read: “Chelsea has fully cooperated with and assisted UEFA in its investigation into these matters and following an analysis by the UEFA Club Financial Control Body, the club has entered into a settlement agreement with UEFA.

“In line with the core principles of the club’s ownership group of full compliance and transparency with regulators, we are grateful that this matter has been resolved through proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters.

“We would like to thank UEFA for considering this matter.”

Juventus, meanwhile, was fined 20 million euros (10 million euros suspended) and banned from European competition for a year by UEFA.


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(Photo: Mike Hewitt/Getty Images)

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