Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing to terms in a deal worth £4.25 billion ($5.2 billion). Chelsea’s Russian owner Roman Abramovich put the Premier League club on the market in March, just days before he was sanctioned by the British government following the invasion of Ukraine. “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. Under the terms of the licence, Chelsea were unable to offer new contracts to existing players or sign players from other clubs. After initially embarking on a long winning run following Abramovich’s decision to sell the club, Chelsea have struggled to find their best form recently.

Source: Punch May 07, 2022 06:36 UTC