Chelsea has received the largest fine in Premier League history for violations of the league's spending rules and academy transfer rules. The violations were self-reported by the new ownership group as it reviewed team finances ahead of purchase from former owner Roman Abramovich. There were £47.5 in unauthorized payments to players, agents and several third parties form 2011 to 2018, while a former academy employee made had prohibited contact with academy rules outside transfer recruiting windows.
The Penalties:
• A fine of £10.7 million (approx. $14.25 million U.S.). • Nine month academy transfer ban • Two-year first-team transfer ban (suspended). A full ban on transfers will be enforced if the team commits any violations during the two years.
Chelsea has already paid a FIFA fine for the violations and is currently under FA investigation for what are 74 documented offenses of its rules by previous ownership.
The new ownership group, besides self-reporting, set aside £100 million as part of its purchase agreement to pay expected fines.
THE ASYLUM
Chelsea issued record fine
Chelsea has received the largest fine in Premier League history for violations of the league's spending rules and academy transfer rules. The violations were self-reported by the new ownership group as it reviewed team finances ahead of purchase from former owner Roman Abramovich. There were £47.5 in unauthorized payments to players, agents and several third parties form 2011 to 2018, while a former academy employee made had prohibited contact with academy rules outside transfer recruiting windows.
The Penalties:
• A fine of £10.7 million (approx. $14.25 million U.S.).
• Nine month academy transfer ban
• Two-year first-team transfer ban (suspended). A full ban on transfers will be enforced if the team commits any violations during the two years.
Chelsea has already paid a FIFA fine for the violations and is currently under FA investigation for what are 74 documented offenses of its rules by previous ownership.
The new ownership group, besides self-reporting, set aside £100 million as part of its purchase agreement to pay expected fines.
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