Premier League looking into ‘historic’ financial issues at Chelsea
Chief executive Richard Masters has confirmed the Premier League is investigating Chelsea regarding “historic” financial issues that the club reported. It was reported on Tuesday the Blues are the subject of a Premier League investigation for alleged breaches of financial regulations during Roman Abramovich’s time at the club. Current owners Todd Boehly and the Clearlake Capital Consortium, who took over last summer after Abramovich was forced to sell following sanctions as a result of Russia’s invasion of Ukraine, reportedly flagged the potential issue to the Premier League and Football Association themselves. That now appears to have been confirmed by Masters, who said: “We don’t comment on investigations unless they are out in the public domain. You obviously know who has been charged, that much is clear. “We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that.” UEFA announced last month it had been approached “proactively” by the club, who agreed to pay 10million euros (£8.57million) to Europe’s governing body after owning up to “incomplete financial reporting” between 2012 and 2019. We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that. Richard Masters Chelsea said in a statement at the time their new owners became aware of potential impropriety when carrying out a “thorough due diligence process” prior to the purchase. According to reports, no charges have yet been brought by the Premier League, but, even though the allegations relate to a previous ownership, possible sanctions could include a fine or points deduction if the club are found guilty of any wrongdoing. Chelsea have been contacted for comment. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-08-10 05:17
Barcelona explore sensational Neymar return as PSG set price for Brazilian superstar
Barcelona are looking at a sensational loan with an option to buy for Neymar, as the Brazilian's fractious time at Paris Saint-Germain is coming to a close. The French club’s new manager Luis Enrique and football advisor Luis Campos have been working on a vision for the team that involves hard running and young players. And the Ligue 1 champions have told the 31-year-old he can leave six years after his world-record €222 million (£200m) transfer. Neymar's main preference is to return to Barcelona, and the club are investigating the possibility despite some internal debate. Although a primary issue is that they would likely need to offload a series of players to make Neymar’s return financially viable. This is also why an initial loan is being looked at, as PSG are looking to bring in around £60m (£51.8m) for Neymar. The Camp Nou executive feels that they can make it work due to his huge commercial profile. That is one reason he hasn't yet accepted a huge offer from the Saudi Pro League, since he wants to be in peak condition for the 2026 World Cup in the USA, Canada and Mexico. Neymar is said to be obsessed with becoming a star in America. As such, he wants to continue playing Champions League football until then. The negotiations may be smoothed over by the fact PSG are poised to sell Marco Verratti to Al Hilal for €50 million, with that deal going down to the final details. The Saudi Pro League may end up being Neymar's most viable destination, but he is intent on staying in the Champions League. The main issue is that Luis Enrique is now preparing a team without him. Read More First golf, now football? Saudi Arabia’s grand plan and the 72 hours that changed everything Saudi transfers reveal difference between Premier League and European rivals Neymar incident could see F1 clampdown on grid access
2023-08-10 05:16
Monfils stuns Tsitsipas in Toronto, Medvedev advances
French veteran Gael Monfils stunned fourth seed Stefanos Tsitsipas at the ATP Toronto Masters on Wednesday, winning in straight sets to...
2023-08-10 04:54
Bell homers twice, Bryan De La Cruz's HR in 9th helps Marlins rally late for 5-4 win over the Reds
Josh Bell homered twice and drove in four runs, Bryan De La Cruz hit the go-ahead shot in the ninth and the Miami Marlins rallied late for a 5-4 victory over the Cincinnati Reds
2023-08-10 04:53
New Buffalo Bills stadium cost overruns approaching $300M, AP sources say
Four people with direct knowledge or who have been briefed on the financial details tell The Associated Press that the Buffalo Bills are already facing a potential cash crunch on building their new stadium, with the latest projections having the team on the hook for as much as $300 million in cost overruns
2023-08-10 04:47
3 Vlatko Andonovski replacements at head coach for the USWNT
After incredible success at FC Kansas City and Reign FC in the National Women's Soccer League, Vlatko Andonovski has not been able to translate that to the international stage with the USWNT in the most important of tournaments.3 wins. That is how many Vlatko Andonovski managed to amass in ...
2023-08-10 04:25
Wales to honour record-holder Alun Wyn Jones in Barbarians match
Wales will pay tribute to world record cap-holder Alun Wyn Jones with a game against the Barbarians in Cardiff on November...
2023-08-10 04:22
Real Madrid transfer rumours: Preparations for Mbappe unveiling; Vlahovic competition
All the latest Real Madrid transfer rumours & gossip - including another huge dose fo Kylian Mbappe updates.
2023-08-10 03:57
Steelers taking a big risk with Kenny Pickett in training camp
Steelers quarterback Kenny Pickett is slated to start in the team's first preseason game on Friday against the Buccaneers.To play or not to play starting quarterbacks in preseason games? That is the question. The Pittsburgh Steelers decided to do the former with Kenny Pickett, rolling him o...
2023-08-10 03:54
Joshua calls for boxing to tackle doping problem
Anthony Joshua is clear boxing faces a doping problem but the former world heavyweight champion is uncertain whether longer bans...
2023-08-10 03:53
Rory McIlroy and Jon Rahm secure places on European team for the Ryder Cup
Rory McIlroy and Jon Rahm have had their spots on the European team for the Ryder Cup confirmed
2023-08-10 03:49
Ousmane Dembele officially leaving Barcelona for PSG
Paris Saint-Germain has added quite the playmakers, as Ousmane Dembele will be joining the team from La Liga's FC Barcelona.
2023-08-10 03:27