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Home World Sports

Chelsea fined £8.6m for FFP breach as Juventus banned from Europe for 23/24 in separate financial case

⚽ by ⚽
July 28, 2023
in World Sports
Reading Time: 1 min read
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Chelsea have agreed a settlement with UEFA and will hand over 10million euros (£8.6m) for “submitting incomplete financial information” during the Roman Abramovich era.

A UEFA statement said the club’s new owners “identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership” between 2012 and 2019.

The statement added: “Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of 10million euros to fully resolve the reported matters.”

Meanwhile, UEFA has removed Juventus from the Europa Conference League in a separate financial wrongdoing case.

The CFCB First Chamber concluded that Juventus (ITA) violated the UEFA’s regulatory framework and breached a settlement agreement signed in August 2022.

More to follow….

Source: skysports.com
Tags: ChelseaChelsea finedRoman Abramovich
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