Todd Boehly

Chelsea Football Club announced Friday that terms have been agreed for a new ownership group, led by Todd Boehly, to buy the club in a deal worth more than ...

in early March following the Russian invasion of Ukraine, saying at the time it was "in the best interest of the Club." Boehly owns stakes in the MLB's Los Angeles Dodgers, the NBA's Los Angeles Lakers and the WNBA's Los Angeles Sparks. The club's current owner is Russian oligarch Roman Abramovich

The deal will now be pending approval from the Premier League and the United Kingdom government. "Chelsea Football Club can confirm that terms have been agreed ...

The Blues have three weeks left on their current operating license as they rush to avoid a mass player exodus, with Antonio Rudiger already set to leave for Real Madrid and Andreas Christensen preparing to join Barcelona over the summer after failing to agree to terms on contract extensions. This time around, according to CBS Sports' Ben Jacobs, the league has "soft vetted" the listed directors from Boehly's consortium as they rush against the clock with the club's current operating license is set to run out on May 31. The deal will now be pending approval from the Premier League and the United Kingdom government.

A statement confirming that Todd Boehly's consortium will be presented to the government and Premier League is said to be imminent as a deal between the ...

The government are said to have already held talks with the group with the help of George Osborn and it is expected that there will be no further delays, with Chelsea set to have new owners in place sooner rather than later. A statement confirming that Todd Boehly's consortium will be presented to the government and Premier League is said to be imminent as a deal between the group and Chelsea for the takeover of the club is said to be close. As per the Times, the statement confirming their presentation to the government and Premier League is said to be imminent.

The bid will now be put forward for Premier League and Government approval.

Start your Independent Premium subscription today. But after what I heard last week I’m confident. The government is expected to ensure the sale proceeds benefit victims of the war in Ukraine, with Abramovich hoping that independent directors can run a new foundation. Abramovich remains hopeful that his plan to donate all the proceeds of the sale to a new charitable foundation can still come to fruition. That loan cannot be written off under the terms of Abramovich’s sanctions however, and it is expected to be frozen on completion of the sale. The Boehly consortium is understood to have agreed to clauses that block the payment of dividends or management fees until 2032, also barring the sale of any Chelsea shares for 10 years.

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Despite the changing circumstances since his initial announcement – he remains committed to finding a good custodian for Chelsea FC and making sure the proceeds go to good causes.” “Secondly, Mr Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute. “Following sanctions and other restrictions imposed on Mr Abramovich by the UK since announcing that the Club would be sold, the loan has also become subject to EU sanctions, requiring additional approvals. “Since the initial announcement, Mr Abramovich’s team has identified senior representatives from UN bodies and large global charitable organizations who have been tasked with forming a Foundation and setting out a plan for its activities. “To be clear, Mr Abramovich has no access or control of these funds and will not have any access or control of these funds following the sale. That means that the funds will be frozen and subject to a legal procedure governed by authorities.

Everything you need to know about Todd Boehly, the Dodgers co-owner who is at the center of the record-breaking sale of Chelsea FC.

A Phoenix native, he originally interned at The Times before joining the staff in 2019. Mark Walter, the Dodgers principal owner (who also reportedly joined Boehly’s bid for Chelsea), was the company’s chief executive. Boehly quickly emerged as one of Chelsea’s top suitors.

A consortium led by Todd Boehly has signed a contract to buy Chelsea and a deal will go through subject to Premier League and UK government approval.

Abramovich has said net proceeds from the sale will go to charity. The Premier League must ensure all the consortium’s members pass its owners’ and directors’ test and Chelsea have to apply for a licence from the government to complete the takeover. A consortium led by Todd Boehly has signed a contract to buy Chelsea and the deal to end Roman Abramovich’s ownership will go through subject to Premier League and UK government approval.

Chelsea Football Club has confirmed that terms have been agreed with a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake ...

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A group led by Todd Boehly has agreed to terms to acquire the English soccer club Chelsea in a deal worth nearly $5 billion, a record.

The Wall Street Journal and Financial Times are pegging the price at around £4.25 billion, which the club mostly confirmed late Friday. Deadline’s sister publication Sportico also has details of the deal. Chelsea FC, in a statement tonight, said that “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 [former owner] Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.” A group led by Todd Boehly, who also owns a stake in the Los Angeles Dodgers, the Los Angeles Lakers, dick clark productions and who is currently the caretaker CEO of the Hollywood Foreign Press Association, has agreed to terms to acquire the English soccer club Chelsea in a deal worth almost $5 billion.

After the club has seen weeks of tumult following the ousting of longtime owner Roman Abramovich, Chelsea F.C. appears to have settled on its future.

Abramovich’s frozen assets have prevented Chelsea from signing players for the past few months. However, Boehly’s group, which includes Clearlake Capital as the primary stakeholder in the organization, won out. Mark Walter, the Dodgers’ principal owner, is also part of the group.

Todd Boehly has agreed terms for his consortium to complete the purchase of Chelsea Football Club, it has been confirmed.

More details will be provided at that time," it concludes. The statement writes: "Chelsea Football Club can confirm 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." Chelsea have released an official statement to confirm that the group and the club have agreed terms ahead of the takeover.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, ...

“UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account. Boehly’s bid fought off competition from Sir Jim Ratcliffe and other parties headed by Stephen Pagliuca and Sir Martin Broughton respectively to secure the purchase of the west London club. “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.

Group led by Los Angeles Dodgers co-owner will acquire the London club after agreeing terms. . Read more at straitstimes.com.

"The sale is expected to complete in late May subject to all necessary regulatory approvals," the football club said in a statement late Friday (May 6). "UK government approval will be required for the proceeds to be transferred from the frozen UK bank account." LONDON (AFP) - Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion (S$7.27 billion).

Todd Boehly co-owner of di LA Dodgers baseball team and own stake for three sports teams for Los Angeles, America. Chelsea Football Club confam di sale on ...

But say im no go ask make dem pay back any loan. Abramovich say im go donate di proceeds of di sale to war victims. But for im statement e announce im intention to sell im ownership "no be about business or money, but about pure passion for di game and club". Abramovich toktok pesin say di Russian business man "remain committed" to making sure di money from di sale "go to good causes". On Thursday, Abramovich say im no tok say make dem repay im £1.5bn loan to Chelsea wen dem sell di club. Di Chelsea statement add say di new owners go pay £2.5bn for di club shares.

Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion ...

"UK government approval will be required for the proceeds to be transferred from the frozen UK bank account." "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 percent to charitable causes as confirmed by Roman Abramovich," it said. "Chelsea Football Club can confirm 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," the Chelsea statement said.