Chelsea FC Officially Get New Owner (Read Details)

  England based football club, Chelsea FC has in a new announcement confirmed that it had agreed terms with American billionaire, Todd Boehly to buy the European champions at £4.25billion.

Having had his Boehly's consortium named as the preferred bidder to take over at Stamford Bridge by the American bank taking charge  of the sale, Todd Boehly partnered with fellow Dodgers owner Mark Walter, Swiss billionaire Hansjorg Wyss as well as investment firm Clearlake Capital to purchase the club. 

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The Premier League club who currently sit in third position on the EPL log, in the early hours of Saturday confirmed that following the UK Government’s approval, Boehly and his consortium can purchase the club. 

 

The statement read: 'Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.

 

'Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100 per cent to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.

 

'In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

 

'The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.'