Shocking Penalty! Chelsea Fined £86m for FFP Violation, While Juventus Faces Europe Ban until 23/24 in Separate Financial Case
Chelsea fined £86m by UEFA for breaching FFP rules during Roman Abramovich era, reaching a settlement The club failed to provide complete financial information
Chelsea has reached an agreement with UEFA and will pay a sum of 10 million euros (£8.6m) due to the "submission of inaccurate financial information" during the Roman Abramovich era.
According to a statement from UEFA, the club's current owners have diligently detected and reported cases of potentially incomplete financial reporting that occurred under the club's previous ownership from 2012 to 2019.
The CFCB First Chamber has reached a settlement agreement with the club, which will pay a financial contribution of 10 million euros to resolve the reported matters. Additionally, UEFA has excluded Juventus from the Europa Conference League due to a separate financial wrongdoing case.
The CFCB First Chamber concluded that Juventus (ITA) violated the UEFA's regulatory framework and breached a settlement agreement signed in August 2022.
More to follow....
This breaking news story is constantly being updated and more details will be released soon. Please refresh the page for the latest updates.
We provide live updates as events unfold, delivering breaking sports news, analysis, exclusive interviews, replays, and highlights.
Experience reliable and up-to-the-minute updates on breaking sports news from us. Stay tuned for live coverage of popular sports including Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, and Netball. Explore skysports.com or our dedicated mobile app for comprehensive coverage. Receive push notifications on the app for instant updates on your favorite sports and follow @SkySportsNews on Twitter for the latest news.
