Former Chelsea senior executive Christian Purslow believes the Premier League has been "way too generous" in its punishment of the club for making secret payments relating to transfers.
Chelsea were fined £10m and handed a suspended transfer ban after admitting making £47.5m in undisclosed payments to unregistered agents and third-parties between 2011 and 2018.
The fine is the largest ever imposed by the Premier League but the club avoided any sporting sanctions, such as a points deduction.
"I think this is the most serious thing to break in the Premier League for a long time," Purslow said on The Football Boardroom podcast.