Izuchukwu Okosi
Chelsea could be in big trouble as The Premier League is investigating potential financial rule breaches by the West London side.
The club is also reportedly being investigated for paying money to an offshore company suspected to be owned by former owner Roman Abramovich.
Join our WhatsApp ChannelChelsea were fined £8.6m by UEFA in July for breaking Financial Fair Play rules as a result of “submitting incomplete financial information” between 2012 and 2019.
Those breaches were reported by the new Stamford Bridge ownership following the club’s sale in May.
It is understood they also notified the Premier League of similar issues.
The league are now looking at whether concrete charges, such as those facing Manchester City and Everton, are appropriate.
The initial fine related to a seven-year period when Roman Abramovich had control of the club.
Abramovich sold Chelsea to a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital.
Chelsea said they “fully co-operated and assisted Uefa” in their investigations and “entered into a settlement agreement” with the governing body.
Clubs can be fined and given a points deduction if they are found guilty of breaching financial rules.
Premier League champions Manchester City were charged with more than 100 breaches of financial rules in February. The club have denied financial wrongdoing.
In May, Everton were referred to an independent commission by the Premier League over an alleged breach of financial fair play rules. They have also denied wrongdoing.
Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.
