Boehly holds stakes in the Los Angeles Dodgers of the MLB, the Los Angeles Lakers of the NBA and the Los Angeles Sparks of the WNBA.
Chelsea says the sale of a consortium led by Boehly and backed by Clearlake Capital is expected to be completed later this month, “subject to all necessary regulatory approvals”.
Abramovich announced the club for sale in early March after the Russian invasion of Ukraine, saying it was “in the club’s best interests” at the time.
On Friday, the club said that of the total investment being made, 2.5 billion pounds ($ 3.08 billion) will be used to buy the club’s shares and the money will be deposited in a frozen bank account in the United Kingdom. the intention to donate 100% to charitable causes, as confirmed by Roman Abramovich. “
Approval from the UK government will be needed to transfer the proceeds from the frozen bank account in the UK, the club added.
It said the proposed new owners would also “commit £ 1.75 billion ($ 2.16 billion) in additional investment for the club”. This will include investments in the Stamford Bridge Club Stadium, its academy, the women’s team and funding for the Chelsea Foundation charity.
The announcement of the deal with Boehly comes with just over three weeks left of the club’s current operating license, which expires on May 31.
Among those who have previously shown interest in the club are British billionaire Jim Ratcliffe and groups led by Boston Celtics co-owner Stephen Palyuka and former British Airways chairman Martin Broughton, as well as a consortium led by Chicago Cubs owners. Ricketts.
Reuters contributed to this report.
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