Abramovich has certainly completed the sale of Chelsea

Date:

Roman Abramovich has now certainly completed the sale of Chelsea for the record figure of 5,000 million euros to an investment group led by American tycoon Todd Boehly and the Clearlake Capital fund, thus putting together a three-month process that began on th 2 of February with the announcement of the Russian oligarch of his decision to dismiss the club after the invasion of Ukraine.

The consortium, which won the bid to acquire Chelsea in May, received approval from the Premier League and the British government last week for the sale to proceed. The final agreement was reached on Saturday.

“In the sale of the club, Mr. Abramovich stipulated that the new owner should be a good manager of the club, the net proceeds of the sale should be given to charity, and that he should not seek repayment of loans which made to club members. ” , Chelsea informed in its statement.

It also requires the sale of the green light from the Portuguese government after Abramovich became a Portuguese citizen last year.

One day from the expiration of the license

Chelsea operates under a special license that expired on May 31 after being granted by the British government because Abramovich’s assets were frozen under penalties imposed against the oligarch for his link to Vladimir Putin.

Chelsea announced that it has received more than 250 inquiries from potential buyers and reached 32 confidentiality agreements with interested parties.

The club eventually received 12 credible offers reduced to four before the Boehly-led consortium was selected as the preferred candidate.

End of a successful period of 19 years

Abramovich bought the club in 2003 for around € 160m and his investment ushered in the most successful season in its history, with five Premier League titles, five FA Cups and two Champions League titles among the most important titles. Now the Russian tycoon is selling Chelsea for 4,000 million euros.

Chelsea have specified that Boehly and Clearlake will share control and government of the club on equal shares, although the tycoon, who co-owns the Los Angeles Dodgers baseball team, will act as president of the company.

2,000 million investments in key areas

Boehly and Clearlake are committed to investing in key areas that will increase Chelsea’s competitiveness, including the construction of Stamford Bridge, additional investment in the academy, women’s team and Kingsmeadow Stadium.

The new owners have promised that 2,000 to 5,000 million euros of the purchase operation will go to those investments.

In addition to Boehly and Clearlake, American millionaire Mark Walter, also a co-owner of the Dodgers, and Swiss tycoon Hansjörg Wyss participated in the consortium.

100% involved

“We are honored to be the new guardians of Chelsea Football Club. We are all involved, 100%, in every minute of every game,” Boehly said.

“Our vision as owners is clear: we want the fans to be proud. Along with our commitment to building a youth team and getting the best talent, our plan of action is to invest in the club for the long term and build an amazing success story. ” Boehly continued in the statement.

“I would like to personally thank the ministers and officials of the British government and the Premier League for all their work in making this possible.”

Completing the sale process now allows Chelsea to continue its activity in the transfer market, buy, sell and renew players, reopen the club sale and sell tickets for all matches. An activity that froze because of the penalties imposed on Abramovich.

Source: La Verdad

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