Chelsea has been handed fines totaling 10.75 million pounds ($14.3 million) and a suspended one-year ban from signing players for breaking financial rules during its previous ownership under Roman Abramovich, the Premier League said Monday.
Sanction agreements were reached after Chelsea self-reported potential breaches to the Football Association that came to light in 2022 when American investors Todd Boehly and Clearlake Capital led a consortium to buy out Abramovich for 2.5 billion pounds ($3.2 billion).
The rules related to “financial reporting, third party investment and youth development,” the Premier League said.