Chelsea to pay €10million fine to UEFA as settlement fee for FFP breaches |
Chelsea have been dealt a heavy blow with a €10 million settlement imposed by UEFA due to Financial Fair Play (FFP) breaches. The violations stem from the period when former owner Roman Abramovich was in charge, and it appears that incomplete financial information was submitted to the governing body.
Fortunately, the club's current owners, including Todd Boehly, detected the breaches and promptly alerted UEFA, leading to an investigation. A statement from UEFA reads (via Mirror):
"With respect to Chelsea FC (ENG), the CFCB First Chamber concluded that the club breached the UEFA Club Licensing and Financial Fair Play regulations as a result of submitting incomplete financial information."
"Following the club’s sale in May 2022, the new ownership identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership. The reported matters related to historical transactions which took place between 2012 and 2019."
It concluded:
"Following its assessment, including the applicable statute of limitations, the CFCB First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of €10 million to fully resolve the reported matters."
This settlement comes as another financial setback for Chelsea, especially after their failure to qualify for any European competitions in the previous season. Finishing 12th in the Premier League with just 11 wins out of 38 games was a disappointing outcome for the Blues.
The team underwent several managerial changes during this period, with the likes of Thomas Tuchel, Graham Potter, and Frank Lampard all getting sacked from the dugout respectively.
Mauricio Pochettino, the new boss at Stamford Bridge, faces the challenge of managing a reduced squad after they let go of several established first-team players. These include the likes of Kai Havertz, Mason Mount, and Mateo Kovacic, who were all sold during the summer transfer window.
In the wider football landscape, it's not only Chelsea that have faced the consequences of UEFA investigations. Italian giants Juventus have also been handed a severe penalty. They will be banned from participating in European competitions during the 2023/24 campaign and are required to pay a hefty €20 million settlement.
Thank you for reaching out to us. We are happy to receive your opinion and request. If you need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
We will also try as much as possible to optimize your post for search engines as well.
Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.
Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.
Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to advert @ alexa. ng
Normally, we should respond within 48 hours.