Premier League facet Chelsea has confirmed that phrases have been agreed for American Todd Boehly to finish his £4.25bn takeover of the membership.
Todd Boehly’s consortium has signed an settlement to buy Chelsea from Roman Abramovich. The proposed deal must be accredited by the UK authorities and the Premier League earlier than it may be accomplished.
“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,” an announcement from the Blues learn.
Of the whole funding being made, £2.5bn shall be utilized to buy the shares within the Membership, and such proceeds shall be deposited right into a frozen UK checking account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Authorities approval shall be required for the proceeds to be transferred from the frozen UK checking account.
The Premier League is assembly on June 8 to represent the brand new season, by which era Chelsea would wish to have a licence to be a part of the following marketing campaign.
— Chelsea FC (@ChelseaFC) May 7, 2022