Chelsea have agreed a settlement with UEFA after committing a financial fair play breach during the era of Roman Abramovich.

In recent months, the Premier League giants, now under new ownership, have been firmly focused on improving their ongoing position with FFP, a consequence of spending over £600m across two transfer windows.

As many as 10 senior players have been sold since the end of 2022-23 and more are expected to follow as the Blues look to start a new era under Mauricio Pochettino.

However, Todd Boehly and Clearlake Capital have been left to deal with an historical offence committed by Chelsea across a seven-year period under their previous stewardship.

Between 2012 and 2019, there are said to be instances of partial financial information being submitted to UEFA, actions which go against the governing body's regulations.

UEFA has acknowledged that Chelsea "has agreed to pay a financial contribution of €10m (£8.6m) to fully resolve the reported matters."

The West Londoners have released their own statement to address matters, saying: "Chelsea FC's ownership group completed its purchase of the club on 30 May 2022.

"During a thorough due diligence process prior to completion of the purchase, the ownership group became aware of potentially incomplete financial reporting concerning historical transactions during the club's previous ownership.

"Immediately following the completion of the purchase, Chelsea self-reported these matters to UEFA.

"Chelsea has fully cooperated and assisted UEFA with its investigation of these matters and, following an analysis by the UEFA Club Financial Control Body, the club has entered into a settlement agreement with UEFA. Under that settlement the club is to pay a financial contribution of €10 million to UEFA as a fixed payment.

"In accordance with the club's ownership group's core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters."

With Chelsea not competing in Europe this season, they do not face the same punishment as Juventus, who have been fined €20m (£17.1m) and lost their place in the Europa Conference League due to financial irregularities. body check tags ::