![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/chelsea-handed-huge-uefa-fine-for-ffp-breaches-under-roman-abramovich/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/general-view-outside-stadium-ahead-810129282.jpg&description=Breaking TRANSFER BLUE Published : 18:52, 28 Jul 2023 Updated : 18:52, 28 Jul 2023 CHELSEA have been hit with £8.6m fine for Financial Fair Play breaches stretching back to the Roman Abramovich era. A UEFA probe into the club's finances was opened after the Stamford Bridge outfit's new owners, led by Todd Boehly, reported the issues last summer. In a statement, UEFA said: "Following the club's sale in May 2022, the new ownership identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club's previous ownership. "The reported matters related to historical transactions which took place between 2012 and 2019." While the precise nature of the infractions is not clear it is understood that a number of relatively minor historical elements emerged during the sale process. While there is believed to have been no deliberate attempts to circumvent the rules, the breaches wete discovered. With UEFA having a three year statute of limitations over FFP breaches, Chelsea only faced punishment for the rule-breaking in the 2018-19 season. Meanwhile, Italian giants Juventus have, as expected, been banned from this season's Conference League for the "capital gains" transfer scam that saw them deducted 10 Serie A points to finish seventh. Juve were also fined £17.2m, half of which was suspended if they comply with UEFA financial rules up until the end of the 2024-25 season. THIS IS A DEVELOPING STORY… The Sun is your go to destination for the best football, boxing and MMA news, real-life stories, jaw-dropping pictures and must-see video.Like us on Facebook at https://www.facebook.com/TheSunFootball and follow us from our main Twitter account at @TheSunFootball .){kind=link}
CHELSEA have been hit with an £8.6m fine for Financial Fair Play breaches stretching back to the Roman Abramovich era.
A Uefa probe into the club’s finances was opened after the Stamford Bridge outfit’s new owners, led by Todd Boehly, reported the issues last summer.
In a statement, Uefa said: “Following the club’s sale in May 2022, the new ownership identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership.
“The reported matters related to historical transactions which took place between 2012 and 2019.”
While the precise nature of the infractions is not clear it is understood that a number of relatively minor historical elements emerged during the sale process.