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Chelsea confirm American billionaire Todd Boehly has signed an agreement to buy the club from Roman Abramovich in a £4.25bn deal



Chelsea have confirmed that phrases have been agreed for Todd Boehly to finish his £4.25billion takeover of the membership.


That is coming after Boehly’s consortium was named as the popular bidder to take over at Stamford Bridge by the Raine Group, the American financial institution who’re overseeing the sale. He partnered with fellow Dodgers proprietor Mark Walter, Swiss billionaire Hansjorg Wyss in addition to funding agency Clearlake Capital to buy the membership. 


Boehly noticed off competitors from consortiums fronted by Stephen Pagliuca and Sir Martin Broughton and even a late £4.25bn bid from Britain’s richest man Sir Jim Ratcliffe.


Chelsea confirmed on their official web site within the early hours of Saturday morning that Boehly and his consortium can buy the membership, following the UK Authorities’s approval. 


The assertion learn: ‘Chelsea Soccer Membership can verify that phrases have been agreed for a brand new possession group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to accumulate the Membership.


‘Of the full funding being made, £2.5bn can be utilized to buy the shares within the Membership and such proceeds can be deposited right into a frozen UK checking account with the intention to donate 100 per cent to charitable causes as confirmed by Roman Abramovich. UK Authorities approval can be required for the proceeds to be transferred from the frozen UK checking account.


‘As well as, the proposed new homeowners will commit £1.75bn in additional funding for the good thing about the Membership. This contains investments in Stamford Bridge, the Academy, the Ladies’s Crew and Kingsmeadow and continued funding for the Chelsea Basis.


‘The sale is anticipated to finish in late Might topic to all essential regulatory approvals. Extra particulars can be offered at the moment.’


Russian billionaire, Roman Abramovich put the membership up on the market simply earlier than the UK Authorities sanctioned him in March following Russia’s invasion of Ukraine and his shut relationship with Russian president, Vladimir Putin.

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