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The consortium led by Todd Boehly signed a contract to buy Chelsea for about 5 billion euros, and now that the agreement that closes the era of Roman Abramovich enters into force, it must be approved by the Premier League and the British government.
“The sale will be finalized at the end of May, pending all the necessary authorizations,” reads the club’s statement.
Boehly is the co-owner of the Los Angeles Dodgers baseball team, and is the founder of Eldridge Industries. He is the most famous face of the consortium that has as its main shareholder the American company Clearlake Capital. Also in the group are Dodgers co-owner Mark Walter, Swiss billionaire Hansjorg Weiss and Briton Jonathan Goldstein. According to the agreement, Daniel Finkelstein and Barbara Charone will become directors of the club. The interest of English billionaire Sir Jim Ratcliffe was not taken into consideration as it came after the chord.
The club issued the sale announcement after rumors in recent days that Abramovich wanted to repay his 1.6 1.6bn loan had jeopardized the change of ownership. But the Russian oligarch zeroed in on the debt, as he had said before. Sanctions imposed on Abramovich after the invasion of Ukraine had frozen his assets and Chelsea is continuing its activity thanks to a special government license expiring on May 31st.
The new owners thus have more than 3 weeks available to complete the transfer of the club under their ownership. Abramovich has stated that the net profits from the sale will go to charity. The change of ownership solves a very complicated period for Chelsea, which in recent months has not been able to sign contracts wanting to face uncertainties for the future./supersport
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