UEFA have released a statement confirming Chelsea, as well as 18 other European clubs, have been placed on a Financial Fair Play (FFP) watchlist.
A statement from the European football governing body named the Blues as one of the clubs, that took part in 2021/22 UEFA club competitions, that were able to "technically fulfil the break-even requirement with the help of the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results."
The 19 clubs have now been asked by UEFA to send them further and more detailed information about their finances so the governing body can investigate further.
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A statement on the UEFA website reads: "Finally, the CFCB First Chamber also observed that another 19 clubs that took part in the 2021/22 UEFA club competitions, namely Borussia Dortmund, Chelsea, FC Barcelona, FC Basel 1893, 1.FC Union Berlin, Fenerbahçe SK, Feyenoord, Leicester City FC, Manchester City FC, Olympique Lyonnais, Rangers, Real Betis Balompié, Royal Antwerp FC, Sevilla FC, SS Lazio, SSC Napoli, Trabzonspor AS, VFL Wolfsburg and West Ham United FC, were able to technically fulfil the break-even requirement thanks to the application of the COVID-19 emergency measures and/or because they benefited from historical positive break-even results (T-3 and T-4).
"The CFCB First Chamber reminded these clubs that as from financial year 2023 these exceptional COVID deductions and consideration of historical financial results will no longer be possible. These clubs were further asked for additional financial information and will be monitored closely in the upcoming period. The goal of course is that the clubs' overall financial situation is in compliance with the UEFA Club Licensing and Financial Sustainability Regulations – Edition 2022, in coming years."
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