A new dawn is approaching for Chelsea, as a consortium led by American businessman Todd Boelli signed an agreement to buy the club from Roman Abramovich in a deal worth up to 4.9 billion dollars (up to 4 billion pounds), the club confirmed in a statement Friday night. The deal will now be pending approval by the Premier League and the UK government.
“Chelsea Football Club can confirm that conditions have been agreed for the club to acquire a new group of owners, led by Todd Boelli, Clearlake Capital, Mark Walter and Hansorg Vis,” Chelsea said in a statement.
“Of the total investment being made, £ 2.5 billion will be used to buy the club’s shares and the proceeds will be deposited in a frozen bank account in the UK with the intention of donating 100% to charities, as confirmed. by Roman Abramovich. UK Government approval will be required to transfer the proceeds from the frozen bank account in the UK. “
The consortium includes Swiss billionaire Hansjörg Wis, American businessman Mark Walker and British entrepreneur Jonathan Goldstein. That would prompt Boelli to add Chelsea to a portfolio that already includes the Los Angeles Dodgers in the MLB, the Los Angeles Lakers in the NBA and the Los Angeles Sparks in the WNBA.
The agreement does not guarantee an exact sale, but it is a binding agreement that Boehly will buy the club. Not to mention, the report also notes that the Premier League is expected to give the Boehly-led OK group as soon as they pass the owners and directors test, a process that delayed Newcastle United’s 18-month takeover. This time, according to Ben Jacobs of CBS Sports, the league has been “gently screened” by the listed directors of the Boehly consortium as they rush against time, as the club’s current operating license is due to expire on May 31.
The UK government will have to ensure that no funds are transferred to Abramovich, who issued a statement Thursday denying any reports that he would seek a £ 1.6m loan due to him, which probably eased the fears enough for the sale to take place.
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The Blues have three weeks off their current operating licenses as they rush to avoid a mass exodus of players, with Antonio Rudiger ready to leave for Real Madrid and Andreas Christensen preparing to join Barcelona in the summer after failed to agree to the terms of the contract extension. The new property that is coming will try to put the house in line with plans to redevelop the Stamford Bridge area, and nothing will be a higher priority than convincing Thomas Tuchel that he must stay on board the new project.
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