Chelsea set to complete takeover in late May


Chelsea have announced a club statement that they expect a takeover of the club to be completed by late May, with a consortium led by Todd Boehly set to acquire the Blues.

The club have been left in limbo since Roman Abramovich was sanctioned by the British government in March, but it seems to have finally found a solution to suit all parties. Boehly, who also co-owns the LA Dodgers baseball team, had apparently been the frontrunning bid for sometime, and the club have now announced that it is this bid that is set to succeed.

Official: Chelsea set to complete takeover in late May

Todd Boehly, Co-Founder, Chairman and CEO, Eldridge, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. (Photo by Patrick T. FALLON/AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

The takeover is thought to be worth £4.25bn, will make Chelsea the most expensive sports club in history, eclipsing the £2.5bn that was paid by Joseph Tsai to takeover the Brookyln Jets in the NBA in 2019.

What have Chelsea 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 Blues revealed.

‘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.’

It is good news for Chelsea, not only because their ownership search is complete, but also due to the commitment to continue investing large sums of money into the club, though specifically it does not mention funding for playing staff.

Whether this is simply an oversight, or a sign that the club will have to operate in a different fashion, will be something made clear only in the coming years.

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Premier League table

# Team PM D P
one Manchester City 3. 4 63 83
two Liverpool F.C. 3. 4 64 82
3 Chelsea F.C. 3. 4 39 66
4 Arsenal F.C. 3. 4 13 63
5 Tottenham Hotspur 3. 4 twenty 61
6 Man Utd 36 5 58
7 West Ham United 35 7 52
8 Wolverhampton Wanderers 3. 4 one 49
9 Brighton & Hove Albion 35 -8 44
10 Newcastle United 35 -16 43
eleven leicester city 33 -6 42
12 Crystal Palace 3. 4 3 41
13 Aston-Villa 33 -two 40
14 Brentford F.C. 35 -eleven 40
fifteen Southampton F.C. 35 -17 40
16 Burnley F.C. 3. 4 -fifteen 3. 4
17 Leeds United 3. 4 -3. 4 3. 4
18 Everton F.C. 33 -twenty 32
19 Watford F.C. 3. 4 -37 22
twenty Norwich City 3. 4 -49 twenty-one
Player Team goals
Salah, Muhammad Liverpool F.C. 22
Son Heung Min Tottenham Hotspur 19
Ronaldo, Christian Man Utd 18
Jota, Diogo Liverpool F.C. fifteen
mane, sadio Liverpool F.C. 14
Kane, Harry Tottenham Hotspur 13
Tony, Ivan Brentford F.C. 12
Zaha, Wilfried Crystal Palace 12
DeBruyne, Kevin Manchester City eleven
Saka, Bukayo Arsenal F.C. eleven
Mahrez, Riyadh Manchester City eleven
Mount, Mason Chelsea F.C. 10
Bowen, Jarrod West Ham United 10
Fernandes, Bruno Man Utd 10
Dennis, Emmanuel Watford F.C. 10
Pukki, Teemu Norwich City 10
Sterling, Rahem Manchester City 10
raphinha Leeds United 10
Vardy, Jamie leicester city 10
Smith-Rowe, Emile Arsenal F.C. 10

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