English Premier League giants Chelsea FC have been handed a transfer ban and fined £10 million after being found guilty of breaching financial regulations set by the Premier League.
The sanctions follow an investigation into historical financial irregularities involving undisclosed payments made between 2011 and 2018. According to the league, the payments were made by third parties linked to the club to players, agents and other individuals but were not reported to football authorities at the time.
Although the club has been penalised, it will still be able to sign senior players unless further breaches occur. The league opted not to impose harsher sporting punishments such as a points deduction. 
Details of the Sanctions
Under the disciplinary ruling, Chelsea will face a suspended one-year ban on registering first-team players. The suspension will remain in place for two years and will only take effect if the club commits another breach during that period.
In addition to the suspended first-team restriction, the club must pay a £10 million fine. Chelsea have also been hit with a separate punishment relating to youth player registrations, including a nine-month ban on signing academy players from other Premier League or English Football League clubs and a £750,000 fine.
All sanctions take effect immediately, and the club will also cover the full costs of the investigation and disciplinary proceedings.
