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So in American college football and basketball (corrupt beyond anything UEFA can even imagine) there's this thing called "self-imposed penalties". Team is under investigation for various improprieties, and rather than fighting the obvious, they say "hey, we're self-imposing a scholarship reduction and voluntarily disqualifying ourselves for post-season play for the next season or two. Will that be punishment enough?" It usually is.
If Chelsea had any sense, they'd cop to everything in return for a 20-point reduction and the slate is wiped clean, in the one fluky season a 20-point penalty is almost certainly survivable. Hell, this should be the season for any club with something dodgy on the books to come clean in return for a points penalty, the bottom three are so dire.