Chelsea FC is about to be sold and taken over by a new investor. Subject to the approval of the Premier League and the British government, the top club from London agreed on a deal worth 4.25 billion pounds (around 5 billion euros) with a group of investors led by American entrepreneur Todd Boehly. This was announced by the Champions League winner early on Saturday morning.
“The sale is expected to be completed by the end of May, subject to obtaining all necessary regulatory approvals,” read a statement on Chelsea’s website. Three consortia had recently submitted offers, the choice now fell on the group around Boehly, the billionaire co-owner of the American baseball team Los Angeles Dodgers.
Great Britain had frozen the assets of former Chelsea owner Roman Abramovich because of the Russian war of aggression against Ukraine – including the top English football club, which has therefore been up for sale since March. The government will ensure that the Russian oligarch does not personally benefit from the sale.
According to current information from the club, 2.5 billion pounds (3 billion euros) are now to be transferred to a currently frozen account, the transactions of which are monitored by the British government. As confirmed by Abramovich, 100 percent of the proceeds are to be donated here. Another £1.75 billion (€2 billion) is to be invested directly in the club headed by Thomas Tuchel.
Thomas Tuchel: “Clarity is the best”
“I heard that there is a preferred bidder and that things are going well,” Tuchel said on Friday: “Clarity is best. When the situation is clear, we are able to act and make decisions.”
The unclear situation is stressful for his players and has consequences for all planning. “We tried not to focus on the matter as much as possible. But of course it’s omnipresent,” said the former Bundesliga coach.