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The Premier League has confirmed that Chelsea FC have been handed a first-team transfer ban and a fine of £10.75 million (around 239 million).

Chelsea has accepted a $13.3 million fine, plus a suspended first-team transfer ban and an immediate nine-month academy transfer ban after historical breaches relating to undisclosed payments

Chelsea have been fined a record £10.75m and hit with a suspended transfer ban by the Premier League after making £47.5m in secret payments during the Roman Abramovich era.

The financial irregularities came to light in 2022, when American investors Todd Boehly and Clearlake Capital acquired the club from Abramovich for £2.5 billion ($3.2 billion).

London: The Premier League has completed a disciplinary process with Chelsea FC in respect of historical breaches relating to Financial Reporting and Third Party Investment. In 2022, Chelsea FC's current owners voluntarily reported to the League that they had evidence of potential breaches of Premier League Rules,

The Premier League said payments totalling more than £47.5m were made from third-party entities linked to the club to facilitate the signing of players, including Eden Hazard, Samuel Eto’o and Willian.

Premier League powerhouse Chelsea FC have reportedly been handed a transfer ban and slapped with a huge fine after breaching Premier League rules.

The new owners self-reported concerns following their takeover from Roman Abramovich.

LONDON, March 16 - Chelsea have been fined a record total of 10.75 million pounds ($14.3 million) for historical breaches of the Premier League's regulations, the league said on Monday. Read more at straitstimes.

We gave Roman Abramovich his last chance to do the right thing. Once again, he has failed to make the donation he committed to. “We will now t