Sports

Chelsea FC agrees with the new investor: the sale of billions is imminent, Premier League approval is still missing

“The sale is expected to be completed by the end of May, subject to obtaining all necessary regulatory approvals,” read a statement on Chelsea’s website. Three consortia had recently submitted bids, the choice now fell on the group around Boehly, the billionaire co-owner of the American baseball team Los Angeles Dodgers.

Britain had frozen the assets of former Chelsea owner Roman Abramovich due to the Russian aggressive war against Ukraine, including England’s top football club, then on sale since March. The government will ensure that the Russian oligarch does not personally benefit from the sale.

According to the club’s current information, £ 2.5 billion (€ 3 billion) is now to be transferred to a currently blocked account whose transactions are monitored by the UK government. As confirmed by Abramovich, 100 percent of the proceeds will be donated here. Another £ 1.75 billion (€ 2 billion) will be invested directly in the club led by Thomas Tuchel.

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“I’ve heard there is a preferred bidder and things are going well,” Tuchel said on Friday. “Clarity is best. When the situation is clear, we are able to act and make decisions.”

The unclear situation is stressful for his players and affects all planning. “We have tried not to focus as much as possible on the issue. But of course it is omnipresent,” said the former Bundesliga manager.

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