Roman era ends as Abramovich completes sale of Chelsea to Boehly-led consortium

eshrag News:

Associated Press
Mon, 2022-05-30 15:16

LONDON: Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday.
The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week for the sale to go ahead. A final agreement was reached on Saturday.
Russian owner Abramovich put the club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation.” Sanctions on the Russian had also complicated the sale process.
“In selling the club, Mr. Abramovich stipulated that the new owner must be a good steward of the club, the net proceeds of the sale must be donated to charity, and that he would not seek the repayment of loans made to affiliates of the club,” Chelsea said in a statement 
In a separate statement, the club said Boehly and Clearlake would share joint control and equal governance of the club. Boehly, who is part-owner of the Los Angeles Dodgers, will serve as chairman of the holding company.
“We are honored to become the new custodians of Chelsea Football Club. We’re all in — 100 percent — every minute of every match,” Boehly said.
“Our vision as owners is clear: we want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea’s remarkable history of success.
“I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen.” 

Main category: 
Russia-Ukraine Conflict
Chelsea Football Club
Roman Abramovich

Chelsea takeover imminent after final agreement reachedPremier League approve Boehly’s takeover of Chelsea

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button