Chelsea have agreed a resolution with UEFA that will see them hand over 10million euros (£8.57million) after owning up to “incomplete financial reporting” under the Roman Abramovich regime. A new ownership group led by Todd Boehly and Clearlake Capital completed their takeover of the club in May last year from Abramovich, who was sanctioned over his links to Russia president Vladimir Putin. UEFA, which has also banned Juventus from competing in the Europa Conference League this season due to financial irregularities, confirmed it was approached “proactively” by the Boehly-led consortium. They detected instances of partial financial information being submitted in historical transactions occurring between 2012 and 2019, breaching UEFA Club Licensing and Financial Fair Play regulations. A UEFA statement said: “Following its assessment, including the applicable statute of limitations, the CFCB (Club Financial Control Body) First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of 10million euros to fully resolve the reported matters.” The sanction represents another blow for Chelsea’s current owners after a disappointing first year at the helm, with the club’s 12th-place finish in the Premier League last term their worst since 1993-94. Chelsea have forked out around £600million in transfers since Boehly’s arrival, while former Tottenham boss Mauricio Pochettino has been tasked with turning around their on-pitch fortunes. Chelsea said in a statement the owners became aware of potential impropriety when carrying out a “thorough due diligence process” prior to the purchase and, upon completion of the takeover, they reported this to UEFA. The statement added: “In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters. “We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.” Juventus have also been reprimanded after a separate UEFA investigation and as well as throwing the Italian giants out of European football, they have been fined 20million euros (£17.14m). However, half of that fine has been suspended and Juventus will only have to pay if their financial records for the next three years do not comply with the accounting requirements. Juventus – who were docked 10 points last season over their past transfer dealings, effectively ending their hopes of Champions League qualification – were found to have violated the framework of a settlement agreement with UEFA in August last year. Juventus president Gianluca Ferrero said in a statement on the club’s website: “We regret the decision of the UEFA Club Financial Control Body. “We do not share the interpretation that has been given of our defence and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments. “However, we have decided not to appeal this judgement. Despite this painful decision, we can now face the new season by focusing on the field and not on the courts.”

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Ferrari driver Charles Leclerc believes “it will be very difficult” for the chasing pack to catch Red Bull before 2026. Red Bull have won all 12 races so far this season, with Max Verstappen claiming 10 victories and Sergio Perez two. Leclerc, who has not won a race since last July in Austria, is an astonishing 215 points behind runaway F1 championship leader Verstappen in the standings – and was pessimistic when asked how long it would take for Ferrari and the rest to match Red Bull. “They [Red Bull] have a really big margin,” he said on Thursday, ahead of this weekend’s Dutch Grand Prix. “It’s going to be very, very difficult to catch them before the change of regulations.” Formula 1 is not set to change its regulations until 2026, when cars will have more electrical power and run on a new carbon-free fuel. Red Bull, inspired by their design guru Adrian Newey, have nailed this current set of “ground-effect” regulations and are cruising to another double success this year, having coasted to last season’s drivers’ and constructors’ championship as well. “Normally when we see a team dominating, it was qualifying and the race,” Leclerc added. “But now, for some reason with Red Bull, it’s much more in the race than in qualifying. The gaps are much bigger in the race than in qualifying and that’s why we are all working towards our race pace, because Red Bull is just so far ahead. “There’s still a lot of work to do. We have some developments in the next few races that can help us do a step forward.” Ferrari are currently fourth in the constructors’ championship, five points behind Aston Martin in third and 56 points behind Mercedes in second. The Scuderia, under new boss Fred Vasseur, have struggled to consistently get to grips with their 2023 car – a point acknowledged by Leclerc. “With this car, we have some unexpected surprises because they are such sensitive cars that a small change can have a big influence. And hopefully it will be the case for us.” Verstappen has a 125-point lead in the championship to team-mate Sergio Perez heading into his home grand prix this weekend, with 10 races remaining this season. Read More Lewis Hamilton gives blunt response to Felipe Massa’s legal action over 2008 F1 title Daniel Ricciardo is back - and this time he wants to go out on top F1 Dutch Grand Prix: When is practice on Friday in Zandvoort? Lewis Hamilton gives blunt response to Felipe Massa’s legal action over 2008 title F1 takes steps to prevent use of flares at Dutch Grand Prix F1 Dutch Grand Prix: When is practice on Friday in Zandvoort?

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