Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed May 30, 2022 Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]
Government approves £4.25bn sale of Chelsea May 25, 2022 The government has given its approval to a £4.25bn takeover of Chelsea by a US consortium, concluding a two month saga at the West London club.
Chelsea £4.25bn takeover satisfies Premier League owner’s test May 24, 2022 The Chelsea takeover bid led by Todd Boehly’s consortium has passed the Premier League owner’s and directors test. The move ticks yet another box on the list that, once completed, will see the Premier League outfit change hands from sanctioned owner Roman Abramovich. The Boehly bid has not gone through, however, as it remains dependant [...]
Chelsea directors Buck and Granovskaia set to share in £50m takeover bonus pool May 18, 2022 Chelsea directors including chairman Bruce Buck and Marina Granovskaia are set to receive multimillion pound bonuses once the sale of the club is completed, according to reports. Buck and Granovskaia will share in £50m once a consortium led by Todd Boehly, part-owner of the LA Dodgers baseball team, complete its takeover, according to The Times. [...]
Fresh doubt over Chelsea takeover amid issues with deal’s terms May 16, 2022 Fresh doubt has been cast over the multibillion-pound takeover of Premier League outfit Chelsea with a new licence yet to be agreed. Government officials are said to have doubts over the reissuing of a licence which expires at the end of the month. The football club have been placed under such a licence following the [...]
Premier League talking points: Everton win nudges Leeds into relegation zone May 8, 2022 If Everton escape their first relegation for more than 70 years, they may well look back on this weekend, and a 2-1 Premier League win at Leicester, as the turning point. Goals from Vitaliy Mykolenko and Mason Holgate earned the Toffees back-to-back victories for the first time since September and lifted them out of the [...]
Chelsea owner Roman Abramovich: ‘Intentions of giving sale proceeds to charity have not changed’ May 5, 2022 Chelsea’s sanctioned owner Roman Abramovich has insisted his “intentions in relation to gifting the proceeds” to charity “have not changed.” The Russian-Israeli Billionaire said on Thursday, his team have “identified senior representatives from UN bodies and large global charitable organizations” who will form a foundation to distribute the funds. This comes after what the statement [...]
Chelsea facing administration unless Roman Abramovich drops plans to call in £1.5bn debt May 4, 2022 Chelsea owner Roman Abramovich will likely have to drop plans to call in his £1.5bn loan to the club or see it go into administration. Abramovich is reported to have scrapped an apparent previous commitment to write off the debt as part of the sale of the club. The sanctioned Russian oligarch is not allowed [...]
Chelsea sale: Sir Jim Ratcliffe bid ‘rejected out of hand’ by Roman Abramovich’s bankers May 4, 2022 Sir Jim Ratcliffe’s bid for Chelsea has been “rejected out of hand”, according to senior figures at his business the Ineos Group. The British petrochemicals billionaire made an 11th-hour offer for the Premier League club last week which comprised £2.5bn plus a commitment to invest a further £1.75bn. But Ratcliffe has indicated that he is [...]
Chelsea sale: Deal plunged into doubt after U-turn on loan repayment – reports May 3, 2022 Fresh doubt surrounds the proposed sale of Chelsea after it was reported that owner Roman Abramovich wants to change the structure of the deal. Having previously indicated that he was willing to write off more than £1.5bn of debt owed by the club to another of his companies, he is now said to have asked [...]