Of the total investment that is being made, 3,000 million dollars will be applied to buy the club’s shares and said income will be deposited in a frozen bank account in the United Kingdom with the intention of donating 100% to charitable causes, as Abramovich confirmed. .
The consortium is led by Boehly, but Clearlake Capital, a California private equity firm, would own the majority of Chelsea’s shares. Other investors include US billionaire Mark Walter, also a co-owner of the LA Dodgers, and Swiss billionaire Hansjoerg Wyss.
The new owners agreed not to sell a majority stake in the club until 2032 and gave guarantees on dividends and debt.
The consortium said it will provide $2.16 billion to invest in the Premier League club, including “investments in Stamford Bridge, the club’s youth divisions, the women’s team and the Chelsea Foundation.
In a statement, Chelsea said it expects the sale to be completed by the end of May and that the acquisition will require approval from English soccer authorities and the UK government.
Chelsea is operating under a special license from the UK government which ends on May 31, but last month Culture Secretary Nadine Dorries said the club was on “borrowed time” to complete the sale.
Source: Ambito
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