Register Login Scores

English Premier League

Chelsea's New Owners 'Revealed' After Agreeing £4billion Deal

Premier League giants Chelsea have confirmed that an agreement has been reached with US businessman and his consortium for the sale of the club.

A Los Angeles-based consortium ed by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss have agreed deal reportedly worth up to £4billion.

Statement:

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% 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.

Here are the 10 most expensive signings made during Abramovich's time as Chelsea owner: 

3 comments

Top 5

Sundowns, SSU To Seal Swap Deal For Goalkeepers?

115 Jun 27, 2022 12:14 PM in Mamelodi Sundowns

Official: 8 Transfers Confirmed Since Last Week

1 Jun 28, 2022 12:19 PM in World News

Johnson Leads Race For Royal AM Job?

9 Jun 27, 2022 11:58 AM in Siyagobhoza

Man Utd 'In Talks' With 4 Players

3 Jun 27, 2022 12:30 PM in English Premier League

Downs Vilakazi's Four Potential Suitors

38 Jun 27, 2022 09:51 AM in Mamelodi Sundowns

Chiefs New Signings Based On Stats, Glory Days Looming?

82 Jun 28, 2022 12:45 PM in Kaizer Chiefs

10 Deals Expected To Be Confirmed This Week

Jun 27, 2022 08:26 PM in World News

Chiefs’ ‘Monster’ Finally Arrives At Naturena

75 Jun 27, 2022 02:18 PM in Kaizer Chiefs

Official: Pirates Confirm New Head Coach

278 Jun 25, 2022 10:30 AM in Orlando Pirates

55 Years Of Doc: How Khumalo Celebrated On Exotic Island

1 Jun 27, 2022 03:06 PM in Footballers & Chill

Contracts At Naturena: What Each New Chiefs Player Signed

44 Jun 21, 2022 08:12 AM in Kaizer Chiefs

Mane Breaks Silence On Liverpool Exit

7 Jun 22, 2022 09:29 AM in Bundesliga News

Pirates To Make Decision On 7 Loan Returnees

5 Jun 20, 2022 04:19 PM in Orlando Pirates

Report: Lukaku's Chelsea Exit Confirmed

Jun 22, 2022 08:25 AM in English Premier League

Chiefs Target Back In Europe

4 Jun 20, 2022 03:51 PM in Kaizer Chiefs