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BREAKING NEWS: Chelsea, Man City, West Ham and Leicester ESCAPE Financial Fair Play punishments from UEFA - but are added to their watchlist - over 'exceptional Covid deductions'

Chelsea, Leicester, Man City and West Ham have avoided sanctions under UEFA financial fair play rules because of 'exceptional COVID deductions and consideration of historical financial results'

However, the clubs have been warned that those exemptions do not apply this season and they will be 'monitored closely in the upcoming period'.

UEFA have concluded settlement agreements with eight clubs who agreed to a total of €172 million in financial contributions

The governing body found that AC Milan, AS Monaco, AS Roma, Beu015fiktau015f JK, Internazionale Milano, Juventus, Olympique de Marseille and Paris Saint-Germain did not comply with the break-even requirement.