Chelsea, UEFA agree €10m FFP settlement over historical ‘incomplete financial information’
When the sale of Chelsea Football Club from Roman Abramovich to what we now call “BlueCo” went through in May of last year, about £100m of the net £2.3b transaction (most of which are still waiting to be given over to charity, as they were supposed to be, mind) were set aside to cover “unforeseen liabilities”. Some of those liabilities were already identified at the time of the sale — foreseen, you might say — and were reported to UEFA: namely, that during the previous decade, we had some ins...
Chelsea, UEFA agree €10m FFP settlement over historical ‘incomplete financial information’
When the sale of Chelsea Football Club from Roman Abramovich to what we now call “BlueCo” went through in May of last year, about £100m of the net £2.3b transaction (most of which are still waiting to be given over to charity, as they were supposed to be, mind) were set aside to cover “unforeseen liabilities”. Some of those liabilities were already identified at the time of the sale — foreseen, you might say — and were reported to UEFA: namely, that during the previous decade, we had some ins...
