Chelsea faces heavy punishment because of the Abramovich era

Chelsea could be punished by UEFA for insufficient financial reporting.

The London club has agreed to pay ten million euros to the house of European football for incomplete financial reporting during the era of Roman Abramovich.

They are probably also being investigated by the Premier League, reports The Times.

The reported issues relate to transactions that occurred between 2012 and 2019.

In fact, Chelsea’s new owners indicated that the financial reporting was not accurate before UEFA investigated the club.
Instead they agreed to a debt settlement to avoid any further investigation by football’s highest body on the old continent.

It is worth noting that Juventus has been punished for such a case, being fined and expelled from the Conference League.