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Chief executive Richard Masters has confirmed the Premier League is investigating Chelsea regarding “historic” financial issues that the club reported. It was reported on Tuesday the Blues are the subject of a Premier League investigation for alleged breaches of financial regulations during Roman Abramovich’s time at the club. Current owners Todd Boehly and the Clearlake Capital Consortium, who took over last summer after Abramovich was forced to sell following sanctions as a result of Russia’s invasion of Ukraine, reportedly flagged the potential issue to the Premier League and Football Association themselves. That now appears to have been confirmed by Masters, who said: “We don’t comment on investigations unless they are out in the public domain. You obviously know who has been charged, that much is clear. “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.” UEFA announced last month it had been approached “proactively” by the club, who agreed to pay 10million euros (£8.57million) to Europe’s governing body after owning up to “incomplete financial reporting” between 2012 and 2019. 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. Richard Masters Chelsea said in a statement at the time their new owners became aware of potential impropriety when carrying out a “thorough due diligence process” prior to the purchase. According to reports, no charges have yet been brought by the Premier League, but, even though the allegations relate to a previous ownership, possible sanctions could include a fine or points deduction if the club are found guilty of any wrongdoing. Chelsea have been contacted for comment. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

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Julen Lopetegui’s nine-month spell as Wolves head coach has ended after reaching an “agreement to part ways” on the eve of the new Premier League season. The former Spain and Real Madrid boss arrived in November after the club were successful in their second attempt in recruiting him to replace Bruno Lage. Lopetegui guided the side away from the bottom of the table to a 13th-placed finish but apparent disagreement over the club’s recruitment policy over the summer has resulted in the 56-year-old departing. “The head coach and club acknowledged and accepted their differences of opinion on certain issues and agreed that an amicable end to his contract was the best solution for all parties,” said a statement from the club. “Talks have been ongoing in recent weeks, held with the utmost respect and cordiality, affording the club time and space to begin work on finding a successor, while also ensuring that Julen and his backroom staff could continue their planned preparation to ensure the playing squad would be in the best possible condition for the start of the Premier League season.” In his own statement Lopetegui said: “I wish Wolves and everybody at the club the very best of luck for the future, and thank them for the opportunity granted at the time to take charge of this wonderful club. “It has been an honour to enjoy this adventure. Also, of course, I want to thank the players, who have always given the maximum to achieve our objectives, and especially the fans that made me feel like one of them from the very first moment and have always been amazing to me, my staff and my family.” It has been an honour to enjoy this adventure Departing head coach Julen Lopetegui Lopetegui, whose backroom staff of Pablo Sanz, Juan Peinado, Oscar Caro, Edu Rubio, Borja De Alba Alonso and Daniel Lopetegui will also leave, took over with the club bottom of the Premier League. He won nine league games from that point, beating Liverpool and Tottenham at Molineux, as the club finished safely in mid-table to extend their top-flight stay into a sixth season. “On behalf of everyone at the club I’d like to thank Julen and his staff for their dedication and hard work during their time at the football club,” said sporting director Matt Hobbs. “They were brought in with the primary aim of keeping the club in the Premier League last season, an objective which they achieved with games to spare. “While our ambition had been to move into the new season together, it is public knowledge that there were differences of opinion on some key topics, and it was agreed by all parties that it would be best to part ways ahead of the new campaign. “After a successful pre-season, full of hard work and good performances, Julen and his staff leave the squad in great shape ahead of the season opener next week, which will give his successor the best possible platform for success. “We wish Julen and his team the very best of luck for the future, and they will always be welcome at Wolves.” Former Bournemouth head coach Gary O’Neil, sacked this summer after steering the Cherries to top-flight safety, is reported to be in line to replace Lopetegui. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live The key questions behind Julen Lopetegui’s Wolves departure Ollie Wood and Mark Stewart claim Madison silver in thrilling Glasgow finale Chelsea face Premier League probe over alleged financial breaches – reports