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Leaked files raise questions about Abramovich’s financial transactions for Chelsea

Chelsea could face additional scrutiny from football authorities over reports of payments related to the club's former owner, Roman Abramovich.

Chelsea could face additional scrutiny from football authorities over reports of payments related to the club’s former owner, Roman Abramovich.

Offshore Transactions Unveiled

Recent reports from The Guardian have disclosed leaked files suggesting that a Russian billionaire, presumed to be Roman Abramovich, employed offshore companies for transactions amounting to tens of millions of pounds. 

These transactions were directed to agents and associates, seemingly for the benefit of Chelsea Football Club. The lack of official declaration for these transactions could potentially breach financial regulations.

Unanswered Queries on Funding

These revelations add fuel to inquiries surrounding Abramovich’s financing of Chelsea during his 19-year ownership, particularly during a period marked by unprecedented success for the club. 

The leaked documents could trigger further scrutiny regarding the source and transparency of funds utilized by Abramovich for the club’s operations.

Ongoing Investigations

The Football Association and the Premier League have already initiated investigations into potential breaches of financial regulations by Chelsea. This comes in the wake of UEFA imposing an £8.6 million fine on the club in July for infringing Financial Fair Play rules. The fine resulted from “submitting incomplete financial information” between 2012 and 2019.

The leaked files deepen the existing debate around financial compliance in football and cast a spotlight on the intricate financial dealings that underlie the success and operations of prominent clubs like Chelsea.

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