Chelsea have avoided a Premier League points deduction after successfully challenging a ruling that could have led to them being deducted six points.
The Football Association has fined the club £10 million and given a suspended two-window transfer ban, which is effective until June 2027.
Chelsea's owners, Todd Boehly and Clearlake Capital, self-reported 74 breaches of FA rules related to secret payments to unregistered agents after they purchased the club from Roman Abramovich in 2022.
Chelsea admitted to making £47 million in secret payments to unregistered agents and intermediaries between 2011 and 2018.
Initially, Chelsea was given a six-point deduction, suspended until June 2027, and a £10 million fine after a hearing in December 2025.
However, Chelsea appealed against that ruling and an FA appeal board downgraded it to a two-window transfer ban, which is also suspended until June 2027.
As a result, Chelsea can continue to sign players this summer and next January unless they breach the rules again before the end of June next year.
Chelsea's owners self-reported the breaches after they took over the club and have been working transparently with the Football Association to address the issues.
A financial sanction of £10 million and a suspended two-window registration ban have been imposed on Chelsea FC for breaches of the Football Association Football Agent Regulations, Regulations on Working with Intermediaries and Third Party Investment in Players Regulations.
The club admitted to the 74 breaches of FA Rule E1.2 prior to a hearing and an independent Regulatory Commission initially imposed a six-point deduction and a £10 million fine.
However, the club appealed against the suspended points deduction and an independent Appeal Board allowed the appeal and set aside this sanction following a further hearing.
Instead, the Appeal Board imposed a registration ban for two complete and consecutive transfer windows, which is suspended until 30 June 2027.
The £10 million fine will be invested into grassroots football.