CHELSEA
Chelsea FFP investigation confirmed with new Premier League charges and trial date revealed
Chelsea FFP investigation confirmed with new Premier League charges and trial date revealed
Richard Masters has confirmed Chelsea are being investigated by the Premier League for possible breaches of their Financial Fair Play rules under the previous owner Roman Abramovich.
The Financial Fair Play (FFP) regulations appeared to have been broken, according to leaked documents, and Premier League CEO Richard Masters has stated that the team is “still investigating” the Chelsea matter. Following revelations in November, it is believed that the inquiry relates to a series of payments made by the team’s former owner, Roman Abramovich.
After the Guardian and several other foreign media outlets conducted a collaborative investigation, documents were found that related to several payments totaling tens of millions of pounds that were made over a ten-year period. It was said that the money were “routed through offshore vehicles” owned by Abramovich, who in 2022 sold the team to Todd Boehly.
Speaking with EFL chairman Rick Parry at the Culture, Media, and Sport Select Committee, Masters acknowledged that Chelsea is still being looked into for the incidents that happened under Abramovich. Additionally, he disclosed that a hearing about Manchester City’s 115 FFP violations has been scheduled, albeit he was unable to provide an exact date.
“I cannot give you any details on Manchester City apart from that a date has been set,” Masters stated. “However, I am unable to provide you with that date.
As you are aware, Chelsea’s new owners have informed UEFA, the FA, and the Premier League of information regarding the former ownership. We are currently looking into this. Until the investigations are finished, we won’t make the results public.”
The Premier League penalised Everton and Nottingham Forest on Monday for violating their Profitability and Sustainability Rules (PSR). The teams are now awaiting word on their specific penalties. Everton lost 10 points for violating PSR back in November.
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