Premier League: Chelsea announces its imminent takeover by a group led by Todd Boehly for 4.97 billion euros

Chelsea is – almost – no longer for sale. The European champion club had been at the center of interest since the outbreak of war in Ukraine more than two months ago. Its owner, the Russian oligarch Roman Abramovich, had then quickly decided to hand over because of the sanctions to which he was subject. But not at any price, since he initially asked for 3 billion euros. His wishes will seem to be more than granted, since a group of investors is preparing to take over the reins for an amount of … 4.25 billion pounds sterling, or nearly 5 billion euros. euros (4.97 billion, to be more precise).

“The sale should be finalized at the end of May subject to obtaining all the necessary regulatory authorizations”, said the club in a statement released overnight from Friday to Saturday. The auction process was long, it involved several groups and it is therefore the one led by Todd Boehly, co-owner of the Los Angeles Dodgers, who will win the day. The group also includes Mark Walter (also co-owner of the Dodgers), the Swiss billionaire Hansjoerg Wyss, as well as the American investment company Clearlake Capital.

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Todd Boehly is set to become Chelsea’s new owner.

Credit: Getty Images

A generous donation planned for charitable actions

“Of the total investment that is going to be made, £2.5 billion will be used to buy back the club’s shares and this sum will be deposited in a frozen UK bank account with the intention of donating 100% to charitable actions as validated by Roman Abramovich”, he continued. Additionally, the new owners have pledged to invest a further £1.75 billion on behalf of the club, the statement said.

(With AFP)

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