C
helsea have confirmed that a consortium led by Todd Boehly has now officially agreed a deal to acquire the club, marking the end of the eventful race to buy out Roman Abramovich.
The Blues announced in a statement released in the early hours of Saturday morning that LA Dodgers co-owner Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss are leading the new ownership group, with a total of £2.5billion applied to purchase shares.
Chelsea confirmed the proceeds of the sale would be deposited into a frozen UK bank account, “with the intention to donate 100% to charitable causes as confirmed by Abramovich” – subject to Government approval.
Boehly’s group are also set to commit £1.75bn for the “benefit of the club”, which includes proposed redevelopment of Stamford Bridge as well as investment in the Chelsea academy, women’s team and Kingsmeadow in addition to continued funding for Chelsea’s charitable foundation.
The sale will now need to be signed …