Government approves sale of Chelsea

Source: Maps

05/25/2022 09:25

The British government has authorized the takeover of Chelsea Football Club, owned by Russian Roman Abramovich since 2003, British Minister of Culture, Media and Sport Nadine Dorries announced on Wednesday.

“Last night the government issued a license authorizing the sale of Chelsea FC,” the minister said on Twitter, “We are confident that the proceeds of the sale will not benefit Roman Abramovich or other sanctioned persons. Due to his relationship with the Kremlin. “I would like to thank everyone, especially the officials who have worked tirelessly to run the club and enable this sale, to protect fans and the wider football community,” said Ms. Doris .

The Premier League on Tuesday approved the acquisition of Chelsea Football Club by a conglomerate led by American businessman Todd Boehley, co-owner of the Los Angeles Dodgers. The consortium made a £4.25 billion proposal to acquire the London club on 7 May.

The consortium is led by Boehly, but Clearlake Capital, a California-based private equity firm, is expected to own the majority of Chelsea shares. Other investors include American billionaire Mark Walter, co-owner of the Los Angeles Dodgers, and Swiss billionaire Hansjörg Wies.

This season, the Blues reached the finals of the FA Cup and League Cup, only to lose to Liverpool. Third in the Premier League, the club qualified for the next Champions League.

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