Chelsea have issued an official statement validating that they have a final agreement in place with a consortium led by American billionaire Todd Boehly over buying Chelsea Football Club.
As soon as the sanctions were declared, Roman Abramovich took a step back from an active role in the club and later decided to put Chelsea FC for sale.
A total of 5 owners have reached an agreement to buy Chelsea FC in a deal worth around 5 billion. The major stakes are bought by American Billionaire, Todd Boehly who emerged as the early favorite.
🚨🔵 Official. Chelsea statement now confirms 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”. #CFC
It’s the end of Roman Abramovich era. pic.twitter.com/fTw5EMdd8p
— Fabrizio Romano (@FabrizioRomano) May 7, 2022
The other stake partners are Clearlake Capital, Mark Walter, and Swiss billionaire Hansjorg Wyss are joint buyers of Chelsea FC.
The official statement from Chelsea read:
“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.”
Finally, the Club will be sold this month itself, the new clause also mentioned that the new owner agreed not a sell a majority stake of the club until 2032.
Chelsea won every possible trophy during the Abramovich era:
🏆🏆🏆🏆🏆 Premier League
🏆🏆🏆🏆🏆 FA Cup
🏆🏆🏆 EFL Cup
🏆🏆 Champions League
🏆🏆 Europa League
🏆🏆 Community Shield
🏆 Club World Cup
🏆 Super Cup pic.twitter.com/3Zu0Wf4BK0
— ESPN FC (@ESPNFC) March 2, 2022
Meanwhile, the Roman Abramovich era will finally come to an end at Chelsea FC. Russian billionaire bought the club in 2003 and Roman started involving himself in the team squad to help them to become the best club in the English Premier League.
During his time, Roman Abramovich spent more than £2billion, hired 15 managers, and won 21 trophies, including 5 Premier League and 2 Champions League, and has now decided to sell the club.