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Chelsea confirm latest ownership group as Todd Boehly signs purchase deal | Football | Sport

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On the club’s official website an official statement said that a “latest ownership group” led by Todd Boehly would acquire the club. The statement added that £2.5billion might be invested to buy the shares within the club, with proceeds going to charity and £1.75 billion for the “profit” of the club.

 

They said: “Chelsea Football Club can confirm that terms have been agreed for a latest ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to accumulate the Club.

“Of the entire investment being made, £2.5bn might be applied to buy the shares within the Club and such proceeds might be deposited right into a frozen UK checking account with the intention to donate one hundred pc to charitable causes as confirmed by Roman Abramovich.

“UK Government approval might be required for the proceeds to be transferred from the frozen UK checking account.

“As well as, the proposed latest owners will commit £1.75bn in further investment for the advantage 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 predicted to finish in late May subject to all obligatory regulatory approvals. More details might be provided at the moment.” 

In keeping with The Wall Street Journal, Mr Boehly’s group, who’s the part owner of Los Angeles Dodgers, has acquired the club for £4 billion, making it a record sale for knowledgeable sports team.

The Boehly led group acquired the club from the Russian billionaire Roman Abramovich who bought Chelsea in 2003.

Mr Abramovich was forced to relinquish his ownership of the club following the sanctions imposed by the British Government following the Russian invasion of Ukraine.

READ MORE: Barcelona ‘hold Chelsea transfer meeting’ with 3 signings discussed

Although the deal is just not yet complete, the signing of the acquisition agreement is essentially the most significant step to this point.

It’s the commitment that transfers the shares of the client with a date when the deal must undergo.

Mr Boehly’s group put pen to paper on Friday after being confirmed as Chelsea’s preferred bidder and agreeing to a series of “anti-Glazer” clauses.

Named after the unpopular Manchester United owners, they’re thought to forestall Mr Boehly’s group from paying dividends or management fees until 2032.

Additionally it is thought that they are going to prohibit the sale of shares within the club for a decade and place strict debt limits.

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