this post was submitted on 15 Nov 2023
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[–] [email protected] 1 points 1 year ago (25 children)

Chelsea FC face fresh questions over how its former owner Roman Abramovich funded the club’s success, after leaked files revealed a string of secret payments that may have breached strict football rules, including those on “financial fair play”.

Experts said the transactions, uncovered through a joint investigation by the Guardian and international partners, could lead to the Premier League imposing punishments on Chelsea, such as a deduction of points.

The files reveal a series of payments worth tens of millions of pounds over a decade, routed through offshore vehicles belonging to Abramovich. The transactions in question appear to have been for Chelsea’s benefit, raising questions about whether they were declared in accounts submitted to football’s governing bodies.

[–] [email protected] 1 points 1 year ago (7 children)

Sad for the new owners since nobody from the Roman era is still there but I guess they didn't do the necessary due diligence.

[–] [email protected] 1 points 1 year ago (5 children)

Actually, it is due to Boehly this is known. After they took over, he found these transaction and reported them.

[–] [email protected] 1 points 1 year ago (1 children)

Isn't due diligence usually done in advance of a buy? Seems kind of reckless.

[–] [email protected] 1 points 1 year ago

Generally yes, but this sale was fast tracked, so it wasn't completely done and they kept 100m from the sale amount, anticipating these fines because of poorly kept books.

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