Update: Todd Boehly has Officially signed to become Chelsea's New Owner
Todd Boehly's has reportedly signed the purchase agreement to buy Chelsea - a huge step in ending Roman Abramovich's 19-year ownership of the Premier League club.
The US businessman and his consortium are believed to have agreed a deal worth up to £4billion with Abramovich and is now seeking approval from the UK government and the Premier League. A deal is expected to be completed before the end of the month.
Chelsea were put up for sale by Abramovich just days before the Russian oligarch was sanctioned by the UK government in March for allegedly having ties with Vladimir Putin, something he denies. Putin is currently waging a bloody and unprovoked war in neighbouring Ukraine.
The Blues are currently operating under a special license, which is due to expire on May 31. The UK government will need to issue a new license if and when Boehly's takeover is approved. Boris Johnson and his colleagues are not expected to stand in the consortium's way.
Boehly's consortium will also need to pass the Premier League's owners' and director's test. The organisation are expected to approve the proposed takeover.
Portugal approves Abramovich’s Chelsea sale to Todd Boehly consortium
The Portuguese government has approved Roman Abramovich’s sale of Chelsea FC to the Todd Boehly consortium.Abramovich was sanctioned and had his assets frozen by the United Kingdom government.The Russian oligarch then put the Stamford Bridge outfit up for sale in early March following the Russian invasion of Ukraine.The deal, worth more than $5 billion, will see an ownership group led by Todd Boehly take control.Abramovich has Portuguese citizenship and, due to sanc...
Premier League Approve Todd Boehly-Led Takeover of Chelsea
The Premier League has given its approval to Todd Boehly's consortium's proposed takeover of Chelsea.The transaction is anticipated to be completed later this month by a group led by US businessman Peter Boehly and supported by Clearlake Capital Group, Hansjorg Wyss, Mark Walter, and others. They are currently pending UK government permission.The Premier League Board accepted the Todd Boehly/Clearlake Consortium's proposed takeover of Chelsea Football Club on Tuesda...
You lack class – Drogba slams new Chelsea owner, Boehly
Didier Drogba has alleged that Todd Boehly, the new owner of his former team Chelsea, is "lacking class."Boehly oversaw a group that earlier this year acquired the Premier League team from Russian billionaire Roman Abramovich.After spending more than £250 million on new players over the summer, the 48-year-old fired Thomas Tuchel as manager after just seven games of the current campaign.Boehly has, however, come under fire for suggesting the Premier League should la...
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