The club was put up for sale before owner Roman Abramovich was sanctioned for his alleged links to Russian president Vladimir Putin following the invasion of Ukraine
A Chelsea statement said the new owners will pay £2.5bn for the club's shares.The key names behind the consortium buying Chelsea
The consortium said it will provide £1.75bn to invest in the Premier League club, including "investments in Stamford Bridge, the academy, the women's team and Kingsmeadow and continued funding for the Chelsea Foundation".Chelsea said the sale was expected to complete in late May. The takeover will require approval from the English football authorities and the UK government.
Boehly, an American investor and businessman, has a reported net worth of $4.5bn , according to Forbes.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premier League to approve Todd Boehly’s Chelsea takeoverThe Premier League is set to approve the proposed £4.5 billion takeover of Chelsea by a consortium led by the LA Dodgers co-owner Todd Boehly, with all parties
Read more »
Chelsea confirm terms agreed for Todd Boehly to complete £4.25bn takeoverNew owners to pay £2.5bn for club's shares which will go into a frozen bank account to be donated to charity, with £1.75bn invested in club
Read more »
Todd Boehly agrees £4.25bn deal for Chelsea FC\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
Roman Abramovich says he will not keep a penny from Chelsea saleChelsea will seek formal approval from the government to make the consortium led by the Los Angeles Dodgers co-owner, Todd Boehly, their new owners after Roman
Read more »
Chelsea sale: Todd Boehly bid to be sent for Premier League and government approvalRoman Abramovich insisted in a statement on Thursday that he still has no plans to keep any of the proceeds from Chelsea’s sale
Read more »
Chelsea sale: Todd Boehly consortium signs purchase agreement to buy club🚨 Chelsea sale: Todd Boehly consortium signs purchase agreement to buy club
Read more »