Chelsea is currently being investigated by the Premier League for alleged financial breaches that occurred during Roman Abramovich’s tenure as owner.
The club’s new proprietors, Todd Boehly and Clearlake Capital reported anomalies to both UEFA and the Premier League following their acquisition in 2022.
In July, UEFA imposed a fine of £8.6 million on Chelsea for submitting incomplete financial information.
READ ALSO: Chelsea Extends Levi Colwill’s Contract, Foils Brighton’s Transfer Interest
While the Premier League has yet to bring charges against Chelsea, talkSPORT, citing The Times, has revealed that an investigation has been initiated.
Should the team be found guilty of violating financial regulations, there could be penalties such as fines or even point deductions in the league.
These charges pertain to the period of Abramovich’s leadership at Stamford Bridge, where he assumed control in 2003 and concluded his ownership in 2022.
READ ALSO: Chelsea Youngster Considers Super Eagles Future
The report further indicates that the Premier League will scrutinize payments made to undisclosed offshore entities.
The sums involved are reported to reach into the millions and were not disclosed in the club’s annual financial reports to the Football Association, Premier League, and UEFA.
There is also ongoing scrutiny of a payment made to a player’s family.
It’s important to note that although these charges are connected to the previous ownership, Chelsea remains accountable for any breaches of rules.
READ ALSO: Chelsea Sign Defender Axel Disasi on Six-Year Deal from Ligue 1
The investigation could entail inquiries involving Chelsea’s former chairman, Bruce Buck, and director Marina Granovskaia, both of whom have departed from the club since.
As a consequence, potential sanctions range from fines to point deductions.
Abramovich, the Russian billionaire, had previously faced sanctions from the UK government due to his associations with Vladimir Putin.
READ ALSO: Chelsea Sign Spanish Goalkeeper Robert Sanchez for £25m
After Russia invaded Ukraine in February 2022, Putin encountered widespread condemnation from numerous countries worldwide.
Under Abramovich’s ownership, Chelsea achieved victories in the Premier League, FA Cup, League Cup, Champions League, Europa Cup, UEFA Super Cup, and FIFA Club World Cup.
