CHELSEA IS BEING LOOKED INTO BY THE PREMIER LEAGUE FOR POTENTIAL FINANCIAL INFRACTIONS.

According to CEO Richard Masters, the Premier League is looking into potential financial rule violations at Chelsea while it is owned by Roman Abramovich.

The Russian oligarch’s assets in Britain were frozen by the UK government in response to his country’s invasion of Ukraine, which Moscow refers to as a “special military operation,” and Abramovich sold the club to an investment group founded by American billionaire Todd Boehly and Clearlake Capital last year.

The new owners of Chelsea informed the Premier League, the FA, and UEFA of a number of financial transactions that took place during the Abramovich era.

Because Chelsea self-reported to the Premier League and the FA, Masters told the newspaper, “We have been pretty open about the historic issues with regard to Chelsea. It is obvious we are looking into that.”

“The Premier League will present the club with the case if it believes the club has violated the financial regulations and there is a case to answer.”

According to The Times, the investigation concerns multi-million pound payments made to unidentified offshore firms connected to football intermediaries. Penalties such as a sizable fine or even a point deduction for the club are possible outcomes.

Masters continued, “We want due process to be carried through as fast and efficiently as possible.

Even though it’s not always simple to respond immediately, whether a club is found guilty of breaking the law or not, we want the truth to come out.

In July, UEFA and Chelsea struck an agreement on the filing of insufficient financial data regarding “historical transactions” between 2012 and 2019. The London club agreed to pay a punishment of 10 million euros (10.98 million USD).

Chelsea, which had a disorganized season and ended 12th in the Premier League, won’t be taking part in European competition in 2023–24.