In May of last year, a new ownership group completed the purchase of the club from Abramovich, who had been subject to sanctions because of his connections to Russian President Vladimir Putin. The consortium was headed by Todd Boehly and Clearlake Capital.
UEFA, which has also prohibited Juventus from participating in the Europa Conference League this season owing to financial violations, acknowledged that the Boehly-led consortium approached them “proactively.”
They found instances of past transactions between 2012 and 2019 submitting incomplete financial information, in violation of UEFA Club Licencing and Financial Fair Play rules.
The club has agreed to pay a financial contribution of 10 million euros to fully resolve the reported matters, according to a UEFA statement. “Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club,” it read.
The news coincides with Chelsea’s ongoing negotiations with Brighton to sign outstanding midfielder Moises Caicedo. According to reports, Brighton is continuing to want £100 million despite Chelsea’s first £80 million offer for the 21-year-old.