Chelsea FC is the biggest football club in London, UK. The former owner was afraid of getting hit by sanctions from the American government due to Russia’s war against Ukraine.
He quickly made concerted efforts to sell the club, and now the deal is over.
An official statement was released by the club this morning.
The club is now resting in the hands of the Boehly-led consortium. It means that the Abramovich-led era has come to an end as far as the club is concerned.
The statement offered by the club this morning can be read here.
Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.
Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.
In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.
The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.
