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Chelsea In 'Hot Water' For Secret Transfers Payment

Chelsea In 'Hot Water' For Secret Transfers Payment

Premier League giants Chelsea are in jeopardy of receiving a heavy points deduction after it was confirmed they made secret payments for the transfers of two of their former stars.

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The Premier League is believed to be investigating the Blues for breaching financial rules after the club informed league chiefs about secret payments made to offshore companies and "Russian entities" separate to any transfer fee.

The transfers in question have to do with the 2013 acquisitions of Willian and Samuel Eto'o from Russian side Anzhi Makhachkala.

According to The Times, these payments were uncovered by the club's new Todd Boehly-led ownership consortium. The Clearlake Capital conglomerate conducted a financial audit when they took over the club last year and immediately reported the irregularity to the Premier League, the Football Association, and UEFA, but that may prove inconsequential as the west Londoners could still face hefty punishment.

The two-time European champions stand the chance of facing a heavy points deduction or possibly a substantial fine because they were not registered as part of the club's initial annual financial reports.

The fact that this happened during the Roman Abramovich era also carries no weight as it is the club's new ownership group who could suffer the consequences.

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The same report claims that it is highly unlikely UEFA will hand down any punishment on Chelsea as they have a five-year statute of limitations, meaning the aforementioned transfers fall outside of their time frame, but the English top flight is still investigating the matter.

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