A consortium led by Todd Boehly, co-owner of the LA Dodgers, and backed by Clearlake Capital has signed a contract to acquire Chelsea for £ 4 billion. The reports on Telegraph. The signing, explains the British newspaper, took place “after a week of intense negotiations”. Russian entrepreneur Roman Abramovich had decided to put the English football club up for sale following the invasion of Ukraine, which put a number of oligarchs’ overseas business into trouble. The operation can only be completed after the green light from the British government and the Premier League.
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UPDATES FROM THE UKRAINE BY RICCARDO COLETTI. DIRECTED BY MARCO ACCOSSATO, EMANUELA MINUCCI
07 Maggio 2022
The agreement was confirmed by the club in a note, in which it specifies that the value of the operation is equal to 4.25 billion pounds, about 5 billion euros. “Chelsea Football Club can confirm that terms have been agreed for a new ownership consortium – led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss – to acquire the club.” “The sale should end at the end of May, subject to all necessary regulatory approvals – adds the note – more details will be provided at that time”.
Chelsea explained that the new owners will pay £ 2.5 billion for the purchase of shares while pledging an additional £ 1.75 billion in the stadium, women’s team, academy and Chelsea Foundation. The monies will be deposited into a frozen UK bank account and Abramovich, currently subject to UK government sanctions, will donate all proceeds to charitable causes.
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The announcement comes just over three weeks after the club’s current operating license expires on May 31. Abramovich had put the club up for sale in early March. The Boehly group, which also includes Swiss billionaire Wyss, was in exclusive talks to buy the club after a belated offer from British billionaire Jim Ratcliffe was rejected. Consortia led by Boston Celtics co-owner Stephen Pagliuca and former British Airways president Martin Broughton had previously been eliminated from the bidding process while a consortium led by Chicago Cubs owners, the Ricketts family, withdrew. from running.