Boehly owns shares in the Los Angeles Dodgers of the MLB, the Los Angeles Lakers of the NBA and the Los Angeles Sparks of the WNBA.
Chelsea said the sale to a consortium led by Boehly and backed by Clearlake Capital is expected to close this month, “subject to all necessary regulatory approvals.”
The current owner of the club is the Russian oligarch Roman Abramovichagainst whom the British government imposed sanctions and whose assets were frozen.
Abramovich had that club At the beginning of March after the Russian invasion of Ukraine sale offered and stated at the time that it was “in the best interests of the club”.
On Friday, the club said that of the total investment, 2.5 billion pounds ($3.08 billion) would be used to buy club shares and that this money would be deposited into a frozen British bank account “with the intention of turning it into 100 % to donate to charity, as confirmed by Roman Abramovich.”
The club added that approval from the UK government would be required for the proceeds to be transferred from the frozen UK bank account.
The proposed new owners would also “provide £1.75 billion ($2.16 billion) for further investment for the benefit of the club”. This includes investment in the stadium at Stamford Bridge, the academy, the women’s team and funding for the Chelsea Foundation, a charity run by the club.
The announcement of the Boehly deal comes at a time when the club’s current operating license, which expires on May 31st, is only valid for just over three weeks.
Previous suitors include British billionaire Jim Ratcliffe, groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton, and a consortium led by Chicago Cubs owners the Rickets family.
Reuters contributed to this report.
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2023-12-26 10:50:57
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