UEFA’s Club Financial Control Body (CFCB) have found Chelsea guilty of breaching two major regulations. Firstly, they have breached the ‘football earnings rule’ in relation to when the club’s owners effectively sold two hotels they owned back to themselves to raise £76.5m in revenue.

Chelsea and Aston Villa have been fined by Uefa for breaching the European governing body's financial rules. The two clubs could be prevented from registering new players for Uefa competitions for the forthcoming season unless they have a positive transfer balance by the end of the summer transfer window.

Chelsea have been fined 31 million euros ($36.50 million) by UEFA for breaches of its financial rules, while Aston Villa, Barcelona and Olympique Lyonnais were also levied with large fines, UEFA announced on Friday.