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Breaking: Chelsea confirms ownership agreement with Todd Boehly led consortium

Chelsea confirms ownership agreement with Todd Boehly led consortium
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Chelsea’s era under the Russian owner has finally come to an end. The club in a press release, has announced new ownership in the form of a Todd Boehly led consortium.

Due to British sanctions, the Russian Roman Abramovic was forced to sell his club after almost 20 years. He was given time until 31 May to sell his club, until which the club would be run on a special license.  However, the new ownership deal has come through before that time.

Boehly consortium acquires Chelsea

According to the official statement released by Chelsea on their official website, the ownership deal has been completed. And the club will be acquired by a consortium led by Todd Boehly, Clearlake Capital, Mark Walter, and Hansjoerg Wyss.

The statement further mentioned, “the total investment being made, £2.5bn will be applied to purchase the shares in the Club, and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes. As confirmed by Roman Abramovich.”

In addition, the proposed new owners will commit £1.75 bn in further investment for the benefit of the Club.

Roman Abramovich clears air on Chelsea loan repayment

Previously there were several speculations about Abramovic asking for loan repayment to him. However, his spokesperson has cleared the air regarding the same in a statement he released later on.

According to the statement, the Russian owner has not asked for any loan repayment to be made to him. Rather he encouraged the new owner to invest in the club’s future. He wants to see the Chelsea academy, Women’s Team, and foundation in general to flourish, according to Republic world.

The spokesperson has also ensured that Abramovic has not changed his mind regarding his intentions to donate all the money to a charity. All the funds acquired from this takeover will be going to a charity.

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