The club has also been hit with an immediate nine-month Academy transfer ban
Bookmark popover
Chelsea voluntarily self reported potential historical breaches
Chelsea voluntarily self reported potential historical breaches (PA Wire)
Your support helps us to tell the story
Read moreSupport Now
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
**Your support makes all the difference.**Read more
Chelsea have been hit by a suspended transfer ban and a huge £10.75m fine after reaching a settlement over Premier League rules breaches.
The club has also been hit with an immediate nine-month academy transfer ban, with the one-year first-team ban suspended for two years.
The Blues voluntarily self-reported potential historical breaches of rules in 2022 and an independent commission has now concluded its findings.
A club statement read: "Chelsea Football Club is pleased to confirm that the club has reached a settlement with the Premier League in relation to historical regulatory matters that were self-reported by the club in 2022.
"As previously announced, the club voluntarily and proactively disclosed to all applicable regulators potential historical rule breaches, including incomplete financial reporting that took place over a decade ago.
"During an extensive Premier League investigation, the club proactively disclosed many thousands of documents. Also, when requests for information were made by the Premier League, the club promptly provided comprehensive responses and facilitated all lines of inquiry to support a complex and extremely thorough process."
The investigation related to Financial Reporting, Third Party Investment and Youth Development throughout the Roman Abramovich era.
In 2022, a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital completed the £4.25bn purchase of the club from the Russian billionaire following his sanctions over links to Russian president Vladimir Putin.