JUST IN: Chelsea FC reacts to FIFA’s transfer ban

Chelsea Football Club of England has rejected the findings of the football governing body, FIFA that resulted in the transfer ban placed on the club.

The football club insisted that it will appeal the ban.

Earlier in the day, FIFA had placed a transfer ban of two consecutive registration periods and a fine of 600k Swiss francs on the club for breaching some transfer rules.

But, Chelsea, in a statement on Friday afternoon, completely refuted the findings of the FIFA Disciplinary Committee.

“Chelsea FC has today received a decision from the FIFA Disciplinary Committee concerning alleged breaches of the FIFA Regulations that relate to the international transfer of players under the age of 18.

“Chelsea FC categorically refutes the findings of the FIFA Disciplinary Committee and will therefore be appealing the decision.

“The club wishes to emphasise that it respects the important work undertaken by FIFA in relation to the protection of minors and has fully cooperated with FIFA throughout its investigation.

“Initially, Chelsea FC was charged under Articles 19.1 and 19.3 in relation to 92 players.

“We welcome the fact that FIFA has accepted that there was no breach in relation to 63 of these players, but the club is extremely disappointed that FIFA has not accepted the club’s submissions in relation to the remaining 29 players.

“Chelsea FC acted in accordance with the relevant regulations and will shortly be submitting its appeal to FIFA”, the statement read in part.