UEFA fines Chelsea over FFP breach

European football body UEFA has handed a fine of €10 million (£8.5m) to Chelsea for breaching the Financial Fair Play (FFP) rule.

The breaches had been in play when Russian billionaire Roman Abramovich was still the owner of the Premier League club.

Chelsea admitted they provided incomplete financial information to the European Football governing body.

The breaches were noticed by the club’s new owners, led by Todd Boehly, who quickly made it known to UEFA.

“Following its assessment, including the applicable statute of limitations, the CFCB First Chamber entered into a settlement agreement with the club, which has agreed to pay a financial contribution of €10 million to fully resolve the reported matters,” UEFA’s statement said in part.

Meanwhile, Italian Serie A giants Juventus have been banned from European competition for the 2023–2024 season and have been asked to pay a €20 million (£17m) settlement.

The statement added: “The CFCB First Chamber concluded that Juventus (ITA) violated the UEFA’s regulatory framework and breached the settlement agreement signed in August 2022.”