Official: Chelsea is suspended from signing players for 1 year + £10m fine

 According to The Athletic's latest report, Chelsea have been charged a £10 m fine for breaching Premier League financial rules and one-year suspension from buying first-team players.

This punishment comes from the breaches during Roman Abramovich's time as owner of the club. 

According to the Athletic's up-to-date report, the ban is suspended over two years, meaning that Chelsea will still be able to register senior players if they do not commit any further breaches. 

There will be no sporting sanctions, including deduction of points in Premier League, included.

This first-team charge is highly related to incomplete financial reporting and missed payments from 10 years ago. This will not impact the club's compliance with Premier League's profitability and sustainability rules.