Premier League opens case into Chelsea’s financial rule bending in Abramovich era

August 10 – The Premier League is investigating potential financial rule breaches at Chelsea under the regime of previous owner Roman Abramovich.

Chelsea’s new owners reported their own club to UEFA and the Premier League after their takeover last summer.

At present, Chelsea have not been charged by the Premier League. If they were found guilty of rule breaches, sanctions could include a fine or a points deduction.

On July 28, UEFA announced they had fined Chelsea €10 million for “submitting incomplete financial information” between 2012 and 2019.

Before Abramovich took over Chelsea in 2003 for £140 million, the club had won just one First Division title in 1955, the 1971 UEFA Cup Winners’ Cup and three FA Cups between 1970 and 2000. But the Russian billionaire’s investment resulted in five Premier League titles, five FA Cups and  two Champions League trophies.

Abramovich sold the club last year to an investment group led by American businessman Todd Boehly and Clearlake Capital after the Russian oligarch’s assets in Britain were frozen by the UK government following his country’s invasion of Ukraine

“We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that,” Premier League CEO Richard Masters told The Times.

“If the Premier League believes a club has breached the financial regulations and there is a case to answer, that case will be put to the club.”

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