Chelsea facing transfer ban, points deduction with Premier League set conclude investigation …C0NTINUE READING HERE >>>
Chelsea are facing a possible transfer ban, with Premier League CEO Richard Masters giving an update about investigation into the club for potential financial breaches when Roman Abramovich was owner of the club.
Abramovich owned the Blues between 2003 and 2022, until he was sanctioned by the UK government.
The 57-year-old was eventually disqualified as a director of the club, following Russia’s invasion of Ukraine.
When the Todd Boehly-led consortium took over in May 2022, they reported the cases of incomplete financial information during Abramovich’s tenure.
The Guardian and Bureau of Investigative Journalism later reported have since revealed that leaked documents showed how Abramovich allegedly used offshore companies to make transactions to agents and associates, which appeared to benefit Chelsea.
These alleged payments ran into tens of millions of pounds and could therefore have breached financial rules if not officially declared.
In July 2023, UEFA fined Chelsea €10m for “submitting incomplete financial information” between 2012 and 2019.
But the Premier League’s investigation – which could lead to a fine, points deduction or transfer ban for the Blues – was to set to examine potential links between the offshore entities and those involved in the transfers.
Masters told talkSPORT: “What we’re talking about is something historic.
“It’s complicated where we have the club talking to us about things that have happened under a previous ownership.
“All I can say is that investigation is reaching a conclusion. But until it has done so, I can’t really say what is going to happen next.”
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