Barcelona were dealt a huge blow to their transfer plans on Friday when Nico Williams opted to renew his contract with Athletic Club until 2035 despite having previously agreed to join the

Sam Marsden reacts to Nico Williams turning down Barcelona to sign a new contract with Athletic Club.

Spain winger Nico Williams has effectively ended his chances of moving to FC Barcelona this summer through a shock development announced by Athletic Club.

Chelsea has been fined 20 million euros ($23.6 million) for breaking financial monitoring rules and Barcelona ordered to pay 15 million euros ($17.7 million) by UEFA.

The European football body, UEFA, has found Chelsea, FC Barcelona, Aston Villa, and Lyon guilty of breaching new financial rules. The new rule, which is known as the football earnings rule, is a regulation introduced to promote financial stability in football.

Chelsea and Aston Villa have been fined by Uefa for breaching the European governing body's financial rules. The two clubs could be prevented from registering new players for Uefa competitions for the forthcoming season unless they have a positive transfer balance by the end of the summer transfer window.