Following the uncovering of financial irregularities during Roman Abramovich’s ownership of Chelsea, Todd Boehly and Clearlake have initiated an investigation into the club’s affairs.
It is believed that both Chelsea and Manchester City may have breached regulations to a greater extent than Forest or Everton,
who have already faced a deduction of six points (reduced from 10) and are likely to face further penalties.
Chelsea’s potential double punishment for financial misconduct has led to speculation about the severity of the consequences they may face.
Reports suggest that the club’s management anticipates the imposition of a transfer embargo, which could explain their significant spending during the initial stages of their ownership.
According to Football Insider’s Pete O’Rourke, Chelsea could face both a points deduction and a transfer embargo depending on the seriousness of the breaches.
O’Rourke highlights that some experts view Chelsea’s infractions as more severe than those of Forest or Everton.
The prospect of a transfer embargo is viewed by some as a lesser punishment compared to a points deduction. O’Rourke suggests that clubs, particularly Chelsea, may prefer an embargo as it could potentially save them significant financial expenditure, especially considering their lavish spending in recent seasons.
Chelsea’s troubles extend beyond the financial realm, as they have failed to secure Champions League qualification for the second consecutive season and are set to finish in midtable. T
his ongoing underperformance on the pitch compounds the club’s woes.
Furthermore, Chelsea faces pressure to adhere to the Premier League’s Profit and Sustainability Rules, which require clubs to demonstrate profitability by the accounting deadline of June 30. Failure to comply with these regulations could result in further sanctions.
The financial constraints imposed on Chelsea have already impacted their transfer activities, with Mauricio Pochettino and the club unable to pursue significant player acquisitions during the January transfer window.
As Chelsea prepares to submit their financial reports for the season, they are likely to find themselves in violation of the Premier League’s Profit and Sustainability Rules, further exacerbating their predicament.
