Wednesday, June 29, 2022

Chelsea takeover set to be completed on Monday

SoccerNews in English Premier League 28 May 2022

55 Views

Chelsea have confirmed that the Todd Boehly/Clearlake Capital consortium are set to complete their takeover of the club on Monday.

The Blues this week moved a big step towards having new owners when the Portuguese government approved the sale of the club.

That was necessary as Russian oligarch Roman Abramovich, Chelsea’s owner since 2003, also holds Portuguese citizenship.

The UK government had on Wednesday stated that it was satisfied “the sale will not benefit Roman Abramovich”, who was sanctioned due to his links to Russia’s President Vladimir Putin following the invasion of Ukraine.

Chelsea agreed to terms for the sale of the club to an ownership group led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss for £4.25billion this month.

Another positive update was provided on Saturday.

A club statement said: “Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium.

“It is expected that the transaction will be completed on Monday. The club will update further at that time.”

The deal has been approved by the Premier League.

ABOUT THE AUTHOR

SoccerNews

Soccernews.com is news blog for soccer with comprehensive coverage of all the major leagues in Europe, as well as MLS in the United States. In addition we offer breaking news for transfers and transfer rumors, ticket sales, betting tips and offers, match previews, and in-depth editorials.

You can follow us on Facebook: Facebook.com/soccernews.com or Twitter: @soccernewsfeed.

SHARE OR COMMENT ON THIS ARTICLE

WE RECOMMEND

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Live Scores

advertisement

Betting Guide Advertisement

advertisement

Become a Writer
More More
Top
1
0
Would love your thoughts, please comment.x
()
x