The Premier League is investigating Chelsea Football Club’s financial practises. In July, UEFA penalized Chelsea £8.6 million for Financial Fair Play infractions, prompting this enquiry. The club’s 2012–2019 financial reporting failures were the infractions. After May’s sale, Stamford Bridge’s new ownership structure revealed the non-compliance.
Chelsea under Premier League financial inquiry
The club’s current ownership may have informed the Premier League of comparable difficulties, demonstrating transparency and financial discipline. The Premier League is considering charging Manchester City and Everton for similar economic issues. During Roman Abramovich’s seven-year ownership, the team was fined by UEFA.
Abramovich sold Chelsea to a partnership led by Todd Boehly and Clearlake Capital. The club confirmed its participation in UEFA’s inquiries and settlement. Clubs that break financial rules can be fined and lose points.
In February, Premier League winners Manchester City faced over 100 financial misconduct charges. They firmly denied wrongdoing. In May, Everton faced Premier League financial fair play allegations. They denied too.