Chelsea Soccer Club bought by group led by Todd Boehly for $ 5 billion, ending Abramovich’s connection

Chelsea Soccer Club bought by group led by Todd Boehly for $ 5 billion, ending Abramovich’s connection

The future of Chelsea Football Club is assured, the London club will announce its new owners today.

Following the freezing of the assets of the former owner, Russian oligarch Roman Abramovich, following the Ukrainian invasion of his country, the club sold a consortium led by Todd Bohl in a deal worth $ 4.425 million (5.24 billions of dollars).

The statement released today by the club confirms:

“Terms have been agreed for a new ownership group led by Todd Boyle, Clearlake Capital, Mark Walter and Hansierg Weiss to acquire the club.

“A total of მილი 2.5 billion ($ 3.08 billion) of the total investment in the club’s shares will be spent, with any proceeds deposited into a frozen UK bank account to be donated 100% to charity, as indicated . Roman Abramovich. The consent of the UK government will be required to transfer funds from the frozen UK bank account. “

The club added that as part of the deal, which is expected to be completed by the end of this month, the proposed new owners will invest an additional $ 75.75 billion ($ 2.16 billion) in “club benefits,” which includes investments. at Stamford Bridge, the academy, the women’s team and Kingsmidow. , as well as the Chelsea Foundation.

Abramovich’s ownership of the London Football Club dates back to 2003, after investing a large amount of money in the club and seeing 19 major league cups, including the 2021 Champions League.

Todd Bohl is the owner of the Eldridge holding company, which also owns MRC (which runs the publishing joint venture with Deadline’s parent company, Penske Media Company) and Dick Clark Productions, producers of the Golden Globes. He owns Los Angeles. Angeles Lakers and Los Angeles Sparks.

Source: Deadline

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