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Chelsea Responds to UEFA’S Decision on FFP

Following UEFA’s press release concerning Chelsea’s financial businesses in relation to Chelsea’s FFP situation, Chelsea FC has responded to UEFA in recently released official statements.

It says, “Chelsea FC ownership group completed its purchase of the club on May 30, 2022. During a thorough due diligence process prior to the completion of the purchase, the ownership group became aware of potentially incomplete financial reporting concerning historical transactions during the club’s previous ownership. Immediately following the completion of the purchase, Chelsea self-reported these matters to UEFA.

“Chelsea has fully cooperated and assisted us with its investigation of this matter, and following an analysis by the River Club financial control body, the club has entered into a settlement agreement with UEFA. Under that settlement, the club is to pay a financial contribution of €10 million to UEFA as a fixed payment.”

“In accordance with the club’s Ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to you, UEFA, and a settlement that fully resolves the reported matters”.

“We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with you, UEFA, and looks forward to building on that relationship in the years to come”.

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