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UEFA addresses concern over Chelsea’s FFP breach.

Amidst concern over Chelsea’s transfer businesses in recent times, with reports suggesting that Chelsea businesses are against FFP. UEFA has addressed the ongoing concerns relating to Chelsea.

From the press release, “with respect to #Chelsea, CFCB first Chamber concluded that the Club breached the UEFA Club Licensing and Financial Fair Play regulations as a result of submitting incomplete financial information.”

“Following the club’s sale in May 2022, the new ownership identified and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership.”

“The reported matters related to historical transactions which took place between 2023 and 2029. A settlement agreement with the club which has agreed to lay a financial contribution of €10m to Fully resolve the reported matters.”

That statement now clears doubts of Chelsea breaking the FFP under this New ownership. Chelsea is expected to pay the €10m contribution and this is expected to be smooth and with no issues.