The Todd Boehly consortium concludes an important agreement for the acquisition of English football giant Chelsea

The group, led by Todd Boyle, who also owns shares in the Los Angeles Dodgers, Los Angeles Lakers, Dick Clark Productions and who is currently the CEO of the Hollywood Foreign Press Association, has agreed to buy the English football team. Chelsea have a deal worth nearly $ 5 billion.

If approved by the UK government and the Premier League, the asking price will be the highest ever paid for a sports franchise. The Wall Street newspaper Y Financial Times The price is set at around 25.425 million, which the Club confirmed mainly late Friday evening. Expiry sister edition Sports It also has the details of the transaction.

Chelsea FC said in a statement tonight that “მთ 2.5 billion of the total investment will be used to purchase the club’s shares and such proceeds will be deposited into a frozen UK bank account with a 100% donation. beneficial, as evidenced by this [former owner] Roman Abramovich. The consent of the UK government will be required to transfer funds from the frozen UK bank account. “

He added that “the proposed new owners will invest 75,000 750 million for a greater investment in favor of the club. This includes investments [the team’s stadium] Funded by Stamford Bridge, Academy, Women’s Team and Kingsmidow and Chelsea Foundation.

The club said it expects the sale of the American Boehly to be completed by the end of the month.

Reigning UEFA Champions League-winning London football powerhouse became the subject of quick sales and auctions after former owner Abramovich was forced to give up his property due to a close alliance with Russian oil tycoon Vladimir Putin . Russia invaded Ukraine. Abramovich, who said he would not profit from the sale, was trying to broker a peace deal between the parties as he and other oligarchs saw their assets frozen amid a reaction to the invasion.

Boehly is the president and chief executive officer of Eldridge Industries, which owns MRC products and Dick Clark, the latter of which manages the HFPA’s Golden Globe Awards. He has partnered with Clearlake Capital, real estate tycoon Jonathan Goldstein, Swiss billionaire Hansj გ rg Weiss and Guggenhiem Partners CEO Mark Walter. Walter has a partnership with Boehly to own the Dodgers and Lakers.

MRC and term e Sports Parent company PMC joins the PMRC Joint Venture, which hosts the PMC Rolling Stone, Diversity And the interests of Music Business Worldwide with MRC The Hollywood Reporter, Billboard Y Environment.

The Boehly consortium won the top bidding position for Chelsea last week, ahead of competing bids, including British billionaire chemist Jim Ratcliffe’s last minute on the pitch.