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Article continues belowArticle continues belowArticle continues below<script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script><ul><li>Chelsea under investigation for historic transfers</li><li>Occurred during Abramovich era</li><li>PL chief provided update on potential sanctions</li></ul>

'Transfer ban is coming' - Why Chelsea fans are fearing the worst as Premier League chief Richard Masters reveals investigation into Blues is 'reaching a conclusion' - explained

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Premier League CEO Masters gave fans an update on an investigation into Chelsea's financial dealings during the Roman Abramovich era. Speaking to <a href="https://x.com/JacobsBen/status/1823472076625531275" target="_blank">talkSPORT</a>, he said: "What we’re talking about is something historic. It's complicated where we have the club talking to us about things that have happened under a previous ownership. All I can say is that the investigation is reaching a conclusion. But until it has done so, I can't really say what is going to happen next."

WHAT HAPPENED?

<a href="https://www.goal.com/en-gb/news/chelsea-premier-league-investigate-transfers-willian-samuel-eto-o-alleged-secret-payments-russian-entities/blt69353e72c18ebb27" target="_blank">Abramovich's potential financial breaches </a>relate to the accusation that <a href="https://www.goal.com/en-gb/news/chelsea-premier-league-offshore-payments-roman-abramovich/blt56863b887ace26e4" target="_blank">he used offshore companies to make transactions for player transfers to Chelsea</a>. Leaked documents have previously shown that the former Blues owner allegedly paid tens of millions to agents and associates, but these numbers were not declared to the Premier League. Todd Boehly reported these issues to the governing bodies after he completed a takeover but there has so far been no conclusive action taken while a lengthy investigation continues.

THE EXPLANATION

Chelsea fans on social media are not taking the news well and many have already resigned themselves to the possibility of receiving a transfer ban in the near future.One user, @CarefreeAndBlue posted: "Sounds like a transfer ban is coming."@HowUBenFeller was in agreement with his fellow Blues fan, adding: "RIP to our next few windows..."Another account, @carlyjayne1, suggests that the club may be aware that a ban is coming, hence their spending this summer. She said: "I think Chelsea already know that a transfer ban is on the cards, hence all the upfront spending."However, @gusmears1905 is taking a more optimistic approach and believes they will not be given more than a small fine. He posted: "Same thing already reported to UEFA which result in a small fine. Essentially a slap on the wrist. Would be very difficult for Premier League to justify being much more heavy-handed than UEFA."

WHAT THE FANS ARE SAYING

Chelsea have signed 35 players since Boehly took over in west London and they have already splurged upwards of £185 million($238m) this <a href="https://www.goal.com/en-gb/lists/completed-chelsea-transfers-2024-25/blt2611fdaeaefac651" target="_blank">summer on 12 new faces</a>. But it is the actions of the former owner that are still being scrutinised by the Premier League. An incoming ban would explain the raft of signings the American co-owner is bankrolling in 2024, although it remains to be seen whether any significant action will be taken.

THE BIGGER PICTURE

With Masters suggesting the investigation into Chelsea's finances is reaching a conclusion, news could break at any moment regarding the outcome. It will be something Boehly is keeping a close eye on but for head coach Enzo Maresca and his players, it is business as usual ahead of the Premier League's return this weekend.

WHAT NEXT FOR CHELSEA?

'Transfer ban is coming' - Why Chelsea fans are fearing the worst as Premier League chief Richard Masters reveals investigation into Blues is 'reaching a conclusion' - explained | Goal.com

Chelsea fans believe there is &apos;a transfer ban coming&apos; after Richard Masters revealed an ongoing investigation into the club is nearing a conclusion.

&apos;Transfer ban is coming&apos; - Why Chelsea fans are fearing the worst as Premier League chief Richard Masters reveals investigation into Blues is &apos;reaching a conclusion&apos; - explained