Chelsea FC React To UEFA's Heavy Sanction

Chelsea FC has reacted to the heavy sanction incurred by the European football body, UEFA, by the past administration.

Following the confirmation that Chelsea had been fined 8.6 million pounds for the Financial Fair Play (FFP) breach, the former UEFA Champions League winners have released an official statement to this effect.

The statement read, "Chelsea FC’s ownership group completed its purchase of the club on 30 May 2022. During a thorough due diligence process prior to the 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. We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come."

Read the Latest Sport Trends and Get Fresh updates as they drop via Twitter and Facebook

The post Chelsea FC React To UEFA's Heavy Sanction appeared first on NotjustOk.

from NotjustOk https://notjustok.com/sports/chelsea-fc-react-to-uefas-heavy-sanction/>

Comments

Cristiano Ronaldo Starts for Manchester United Against Rayo Vallecano | SEE TEAM LIST

The manager of Manchester United, Erik Ten Hag has released his team list for the final group game against Rayo Vallecano. Cristiano Ronaldo XAVI HERNANDEZ GIVES UPDATE ON FRENKIE DE JONG’S FUTURE AT BARCELONA The game against the Spanish team was Manchester United’s final group game ahead of the new football season. Cristiano Ronaldo whose future at the Old Trafford club is not yet settled is the major inclusion in the team ahead of the game. The club’s latest signing Christian Eriksen is also part of the club’s starting XI, Rafeal Varane was also part of the team. Presenting today's team news… #MUFC — Manchester United (@ManUtd) July 31, 2022 The post Cristiano Ronaldo Starts for Manchester United Against Rayo Vallecano | SEE TEAM LIST appeared first on NotjustOk . from NotjustOk https://notjustok.com/sports/cristiano-ronaldo-starts-for-manchester-united-against-rayo-vallecano-see-team-list/>

Arsenal FC Hit with a Huge Blow Ahead of the North London Derby

Arsenal Football Club have been hit with a big injury worry ahead of the North London Derby against Tottenham . Mike Arteta TOP 5 LONGEST UNBEATEN STREAKS IN INTERNATIONAL FOOTBALL The Gunners confirmed on Its official website on Thursday, September 29th, 2022 that Emile Smith-Rowe has undergone surgery. According to reports, the midfielder has been experiencing discomfort in his groin which has seen him feature in fewer games this season. The surgery which took place in London in the past few days was successful and the midfielder is already on a rehabilitation programme. The injury to Smith-Rowe became severe in the Premier League game against Manchester United on September 4th, 2022. He is expected to return to full training in December 2022. Arsenal supporters will hope the injury to the midfielder does not affect the club’s quest to finish in the top four at the end of the Premier League season. The post Arsenal FC Hit with a Huge Blow Ahead of the North London Derby ...

Wizkid's 'More Love Less Ego' New Release Date And Number Of Tracks Confirmed

We have to wait a few more days as the new release date for Wizkid's album 'More Love Less Ego,' and the total number of tracks has been confirmed. Wizkid 'More Love Less Ego' Album Art Following the release of a new single titled 'Money & Love' by Wizkid, it has been confirmed officially through the digital streaming platform Apple Music that 'More Love Less Ego' would be getting a specific number of tracks as well as the new release date. Wizkid had earlier announced at his sold-out Accor Arena concert in France that the album 'More Love Less Ego' would be released on the 29th of October 2022. Still, from all indications, the new date, which was confirmed on Apple Music, would be the 5th of November 2022. 'More Love Less Ego' would also have a total of 13 tracks on the project, with fans knowing that collaborations with artists like Ayra Starr and so on would be featured on the project. Big Wiz is maintaining the hype ...

amaizinggist

Search This Blog