Audio By Carbonatix
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 club were also handed 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 Eden Hazard, Samuel Eto'o, Willian, Ramires, David Luiz, Andre Schurrle and Nemanja Matic.
The club accepted the historical 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".
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 Premier League said Chelsea would not have breached its Profitability and Sustainability rules during the applicable seasons, even if the payments had been registered and it therefore did not deem a points deduction to be an appropriate punishment.
In 2023, the Blues were fined £8.6m by Uefa for "submitting incomplete financial information" for the period between 2012 and 2019.
A separate FA disciplinary process investigating alleged "use of and the making of payments to unregistered agents" is ongoing.
Chelsea won two Premier League titles, two FA Cups, one Champions League, one Europa League and one League Cup between the period of 2011-2018.
They employed six different permanent managers during the seven-year spell, though there is no suggestion that any head coach was part of the wrongdoing.
Latest Stories
-
Amin Adam proposes 13 measures to strengthen Ghana’s debt transparency and market confidence
9 minutes -
Mahama announces $2bn annual investment to accelerate industrialisation
14 minutes -
Amin Adam urges monthly disclosure of Sinking Fund as Ghana prepares for DDEP repayments
24 minutes -
Stronger banks will fuel business growth and jobs – ADB MD
26 minutes -
Galamsey: ‘Rivers that fed our grandparents now run the colour of chocolate milk’ – Sam Jonah
27 minutes -
We have been scammed by NDC, government is only doing PR – Abanga Fuseini
28 minutes -
Republic Bank–JoyNews Habitat Fair opens in Ho today
30 minutes -
BoG pledges stability to attract investment, urges stronger Africa–Asia partnerships
33 minutes -
Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks
33 minutes -
Ghana better placed to withstand commodity price shocks – IMF
36 minutes -
GAPTE intensifies efforts to increase bus availability for Aayalolo contra-flow
38 minutes -
Amin Adam warns cedi depreciation could reverse Ghana’s debt relief gains
42 minutes -
Fiscal discipline crucial for pension fund investments – Finance Minister
42 minutes -
BoG Governor rallies IMF to back Africa’s digital sovereignty
47 minutes -
Amin Adam questions government bond pricing as short-term yields fall below inflation
53 minutes