Chelsea faces Premier League investigation over potential financial breaches

Chelsea faces Premier League investigation over potential financial breaches

Chelsea is being investigated by the Premier League for suspected financial rule violations.

Uefa penalised Chelsea £8.6 million in July for violating Financial Fair Play regulations by “submitting incomplete financial information” between 2012 and 2019.

Following the club’s sale in May, the new Stamford Bridge ownership disclosed the infractions.

According to reports, they also informed the Premier League of similar difficulties.

The Premier League is currently considering whether specific charges, such as those levied against Manchester City and Everton, are acceptable.

The initial fine was for a seven-year period during which Roman Abramovich controlled the club.

Abramovich sold Chelsea to a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital.

Chelsea said they “fully co-operated and assisted Uefa” in their investigations and “entered into a settlement agreement” with the governing body.

Clubs can be fined and given a points deduction if they are found guilty of breaching financial rules.

Premier League champions Manchester City were charged with more than 100 breaches of financial rules in February. The club have denied financial wrongdoing.

In May, Everton were referred to an independent commission by the Premier League over an alleged breach of financial fair play rules. They have also denied wrongdoing.

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