Chelsea operates as an insurance premium finance company. It specializes in creating custom-tailored lending programs for commercial property and casualty insurance agents. It offers commercial premium finance, personal premium finance, and general services. The company was founded in 2011 and is based in Woodland Hills, California.
Latest Chelsea News
Aug 9, 2023
"It is not always easy to do these things quickly but we want the right answer, positive or negative, whether clubs are found guilty of breaching rules or not." UEFA reached a settlement in July with Chelsea over the submission of incomplete financial information, related to "historical transactions" between 2012-19, with the London club paying a fine of 10 million euros ($10.98 million). Reuters | Updated: 10-08-2023 04:21 IST | Created: 10-08-2023 04:21 IST SHARE The Premier League is investigating potential financial rule breaches at Chelsea under Roman Abramovich's ownership, CEO Richard Masters told Britain's Times newspaper on Wednesday. Abramovich sold the club last year to an investment group led by American businessman Todd Boehly and Clearlake Capital after the Russian oligarch's assets in Britain were frozen by the UK government following his country's invasion of Ukraine, which Moscow calls a "special military operation". Chelsea's new owners self-reported a number of financial transactions during the Abramovich era to European soccer's governing body UEFA, the Premier League and the FA. "We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that," Masters told the newspaper. "If the Premier League believes a club has breached the financial regulations and there is a case to answer, that case will be put to the club." The Times reported that the inquiry encompasses multi-million-pound payments to undisclosed offshore entities, with connections to football intermediaries, potentially resulting in penalties such as a substantial fine or even a points deduction for the club. "We want due process to be served in as efficient a way as possible, as quickly as possible," Masters added. "It is not always easy to do these things quickly but we want the right answer, positive or negative, whether clubs are found guilty of breaching rules or not." UEFA reached a settlement in July with Chelsea over the submission of incomplete financial information, related to "historical transactions" between 2012-19, with the London club paying a fine of 10 million euros ($10.98 million). Chelsea, who finished 12th in the Premier League following a chaotic campaign, will not be competing in Europe in 2023-24. (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) Advertisement
Chelsea Frequently Asked Questions (FAQ)
When was Chelsea founded?
Chelsea was founded in 2011.
Where is Chelsea's headquarters?
Chelsea's headquarters is located at 6200 Canoga Avenue, Suite 400, Woodland Hills.
Who are Chelsea's competitors?
Competitors of Chelsea include Cobbs Allen and 4 more.
Compare Chelsea to Competitors
Koala offers travel insurance products and services. It incorporates comprehensive travel insurance and facilitates easy reimbursement for trip cancellations, disruptions, and medical emergencies. It also offers travel insurance products that provide coverage in case of unexpected expenses abroad. Koala was founded in 2018 and is based in Paris, France.
Resilience operates as a cyber risk company. It utilizes artificial intelligence (AI) to leverage data for migration and transfer risk. It accesses global data sources to pinpoint vulnerabilities and reduces risk. Its ecosystem provides companies with information to illuminate cyber threats, implement rapid protection, and drive cyber resiliency. It was founded in 2016 and is based in San Francisco, California.
The Premins Company facilitates insurance premium financing for commercial, personal, and assigned risk policies. Its service offerings include policies financed, cash payments, payment methods, financing with premiums, and customer service. The company was founded in 1965 and is based in Brooklyn, New York.
InsMark provides software and marketing services for the insurance and financial services industry. It offers products such as wealthy and wise (WAW) systems, premium financing systems (PFS), leveraged compensation systems (LCS), loan-based split dollar (LBSD) systems, and more. It was founded in 1983 and is based in San Ramon, California.
United Insurance Finance is a financial services company. It specializes in the field of miscellaneous insurance premium financing. It offers offline as well as web-based quote and customer service systems for insurance agents. It was founded in 1979 and is based in San Juan, Puerto Rico.
Cobbs Allen is a national independent agency focused on enterprise risk management in niche practice groups. The agency delivers commercial insurance, employee benefits, personal insurance, and alternative risk financing services to clients. The company was founded in 1887 and is based in Birmingham, Alabama.