PL charge City for alleged breaches of financial rules

Chelsea have three issues to contend with and the one you reference is indeed for next season but the other two are potentially far more serious:

The new owners have reported potential issues with previous years accounts. Although they are from the Abramovich era it will be the club that receive any punishment. You'd assume there could be some mitigation though.

The Guardian have an ongoing investigation into disguised owner investment by Abramovich involving millions going to club employees, players and agents. Essentially a mirror of what we've been charged with


Finally, it is almost certain that they will fail PSR for 2023-24 by a huge margin. They need to raise way over 100 mill net profit on player sales by June 30th this year.
A certain player has been told not to stand in the way of any potential large bids at the end of this season as it will help with their PSR efforts.
 

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