Chelsea respond to massive UEFA fine for financial breaches | OneFootball

Chelsea say they worked “closely and transparently” with UEFA to enter a settlement agreement after breaching Financial Fair Play rules.

The Blues were fined €31 million (£27m) by the Club Financial Control Body (CFCB) for breaking the governing body’s football earnings rule and being in breach of the squad cost ratio rule. Aston Villa were also hit with a €11m (£9.5m) fine.

Clubs in European competition are required to have a squad cost ratio below 80 per cent, but both Chelsea and Villa exceeded this threshold. From 2025, the squad cost ratio will be 70 per cent.

Neither Premier League side will be able to register new players onto their A List for UEFA competitions unless they have a positive transfer balance, i.e. the cost of signing players does not exceed what they bring in from sales, for the 2025/26 season. This extends into the following campaign for Chelsea.

Chelsea and Villa sold their women’s teams to their respective parent companies to avoid breaching the Premier League’s Profit and Sustainability Rules. However, UEFA does not allow such transactions to count towards their profit and loss margins under the Financial Fair Play rules.

The west London outfit will have to pay £69m if they breach the four-year settlement with the CFCB.

Premier League transfers – Mbeumo update, shock Walker move, Gittens imminent

Chelsea respond to massive UEFA fine for financial breaches

“Chelsea FC has entered into a settlement agreement with UEFA concerning a break-even deficit reported by the Club under UEFA’s Financial Sustainability Regulations covering the financial years 2022/2023 and 2023/2024,” the club said in a statement on Friday.

“The Club has also agreed to pay a fine as a result of the club’s squad cost ratio in the 2024 reporting year being between 80 per cent and 90 per cent.

“The club has worked closely and transparently with UEFA to provide a full and detailed breakdown of its financial reporting, which indicates that the financial performance of the club is on a strong upwards trajectory.

“Chelsea FC greatly values its relationship with UEFA and considered it important to bring this matter to a swift conclusion by entering into a settlement agreement.”

Read – Arsenal in ‘delicate’ talks with Nwaneri amid Madueke update

See Also – Diogo Jota felt like one of us

Follow The Football Faithful on Social Media:

Facebook | Instagram | Twitter | YouTube | TikTok