Chelsea have been fined €10 million by UEFA for breaches of the Financial Fair Play regulations.
The Blues have been penalised for having "submitted incomplete financial information" between the years 2012 to 2019 under the Roman Abramovich ownership.
The UEFA statement read: “With respect to Chelsea FC the 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 2012 and 2019.
“Following its assessment, including the applicable statute of limitations, the CFCB First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of €10million to fully resolve the reported matters.”
Italian giants Juventus have also been fined €20 million and have been banned from UEFA competitions for a year.
