UEFA is reportedly set to hit Chelsea with a fine after breaching its financial rules.
The club violated UEFA’s financial loss cap for the previous season by failing to disclose the proceeds from the sale of its women’s team to a sister company for a record-breaking £200 million.
According to The Evening Standard, the governing body is likely to impose financial penalties on Chelsea and Aston Villa as first-time offenders for going over the losses cap.
Champions of La Liga , Barcelona have violated UEFA financial regulations for the second straight season, they may be subject to harsher penalties.
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These sanctions might consist of a Champions League point deduction or even a lower cap on the number of players they can register for the upcoming season.
After UEFA’s independent disciplinary authority, the Club Financial Control body (CFCB), has rendered a decision on all three teams, the details of the punishments levied on Chelsea and Aston Villa and the sanctions applied on Barcelona are anticipated to be known by the end of the week.
The Premier League profit and sustainability rules let clubs to record assets sold to sister companies, but UEFA will not permit Chelsea’s books to reflect the £200 million sale of the women’s team.
In April, Chelsea confirmed that they had “entered into discussions regarding mitigating factors affecting their regulatory submissions”.
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