UEFA have slapped Chelsea with a £27million fine for financial breaches. And the punishment comes with the potential for harsher sanctions, with further breaches of UEFA's financial rules putting the Blues at risk of a further £60m fine.
Premier League rivals Aston Villa have also been hit with a fine, of £9.5m. Again, further breaches could put the Villans at risk of a further £15m fine in future.
The Blues have been hit with a financial penalty after breaching financial sustainability rules in the year's ending 2023 and 2024. Chelsea have agreed settlements with the First Chamber of the Club Financial Control Body (CFCB) which will see the club be put under the microscope for four years.
Chelsea will also be subject to restrictions on the registration of new players on their List A for UEFA competitions such as the Champions League, Europa League and Conference League.
READ MORE: Chelsea's FIFA Club World Cup prize money to date after Enzo Maresca admission
READ MORE: Man Utd grant five players' exit requests as Marcus Rashford loses shirt number
There will be more to follow on this breaking news story and Mirror Sport will bring you the very latest updates, pictures and video as soon as possible.
Please check back regularly for updates on this developing story.
Follow us on Google News, Flipboard, Apple News, Twitter, Facebook or visit The Mirror homepage.
You may also like
Oasis kick off Principality Stadium show as Noel and Liam Gallagher reunite on stage
PM Modi holds bilateral talks with Trinidadian & Tobago counterpart Kamla Persad-Bissessar, signs landmark agreements
Renovating the world's largest fountain: The hidden work behind Dubai's iconic water show
Oasis halt gig to pay heartbreaking tribute to Diogo Jota after tragic death
Summer camp horror as at least six dead and children missing after 'catastrophic' floods