Todd Boehly

The biggest acquisition of a football club in history still requires the blessing of the Premier League and the UK government, those people said. They added ...

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.

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.

A group led by Los Angeles Dodgers part-owner Todd Boehly reached a deal to acquire Chelsea Football Club from Russian billionaire Roman Abramovich for ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. It follows a roughly two-month auction process that attracted a who’s who of American bidders seeking to acquire the marquee sports brand.

A consortium led by LA Dodgers part-owner Todd Boehly wins the bid to acquire English Premier League football club Chelsea in a deal worth up to $6.97 ...

May 6: A consortium led by Mr Boehly and backed by Clearlake Capital wins the bid. March 11: Potential buyers for Chelsea are told to approach the government. March 10: Britain halts the planned sale of Chelsea and imposes sanctions on Mr Abramovich, effectively placing the club under government control. The proposal is sent to the government and Premier League for approval. It expires on May 31. More details will be provided at that time."

Chelsea have confirmed Todd Boehly's consortium has agreed terms to buy the Premier League club from Roman Abramovich in a £4.25 billion takeover.

A Chelsea statement said the new owners will pay £2.5 billion for the club’s shares. British billionaire Sir Jim Ratcliffe delivered a dramatic twist in the race to buy Chelsea as the club's preferred bidders were informed More details will be provided at that time.”

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.

Roman Abramovich announced Chelsea was up for sale on March 2. LA Dodgers part-owner beat competition from Sir Jim Ratcliffe, who bid £4.25bn, and two other ...

However, the Broughton consortium - led by former Liverpool and British Airways chairman Sir Martin, and including the billionaire Crystal Palace shareholders Dave Blitzer and Josh Harris - was still in the race. Chelsea had until May 31 to find a new bidder as the UK Government's licence for the club to operate ran out on that date. Tennis legend Serena Williams was also among the backers of the Broughton consortium. Chelsea say a deal is "expected to complete in late May". With the Raine Group - hired by Abramovich to oversee the sale of the club - having chosen its preferred bidder, the government can issue a separate licence to allow the Premier League club to be sold. The proposed deal, announced by the club in a statement in the early hours of Saturday morning, has to be approved by the UK Government and the Premier League before it can be completed.

A consortium led by Todd Boehly has struck a $5.24 billion deal to acquire top English Premier League soccer club Chelsea FC.

Abramovich has owned the club since 2003. Chelsea FC has been up for sale since the Russian invasion of Ukraine, which led to the U.K. government imposing sanctions on Russian oligarchs, including club owner Roman Abramovich. Boehly owns holding company Eldridge, which owns MRC and Dick Clark Productions, producers of Hollywood’s popular Golden Globes Awards, and serves as interim CEO of the Hollywood Foreign Press Association, which operates the awards. “Of the total investment being made, £2.5 billion will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen U.K. bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. U.K. Government approval will be required for the proceeds to be transferred from the frozen U.K. bank account.” “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 FC said in a statement early Saturday, local time. A consortium led by Todd Boehly has struck a deal reportedly worth £4.25 billion ($5.24 billion) to acquire top English Premier League soccer club Chelsea FC, one of the highest price tags ever agreed for a sports club in history.

Todd Boehly is set to become Chelsea FC's new part-owner after his consortium won its bid to buy the club for £4.25 billion. Chelsea published a statement ...

Abramovich also vowed to pass on "all net proceeds" from the sale to a new charitable foundation to help "all victims of the war in Ukraine". More details will be provided at that time." The statement added: "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.

A consortium led by Los Angeles Dodgers part-owner Todd Boehly has won the bid to acquire Chelsea for $5.25 billion.

"In addition, the proposed new owners will commit £1.75bn ($2.14bn) in further investment for the benefit of the Club." "Of the total investment being made, £2.5bn ($3.1bn) 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," Chelsea said in a statement. The sale, which has a total value of £4.25 billion ($5.25 billion), is expected to be completed in late May subject to all necessary regulatory approvals.

Todd Boehly, a 46-year-old American billionaire, and his consortium of partners has signed the paperwork to take over Chelsea FC from Roman Abramovich.

"However, I do believe this is in the best interest of the Club. Boehly led the purchase of Major League Baseball franchise LA Dodgers in 2012, completing a $2.1 billion takeover. Abramovich bought the Blues for $231 million (£140 million) in 2003 and several billionaires around the world showed interest in taking over club. Boehly notably sealed a major deal in 2013, between Time Warner Cable and the Dodgers to create SportsNet LA, a regional network to broadcast all LA Dodgers content. Chelsea Football Club and its supporters will always be in my heart." The Dodgers have the highest payroll in baseball for the 2022 MLB season, valued at over $289 million, which is $30 million more than any other team. Chelsea confirmed that the $3.1 billion would be "deposited into a frozen UK bank account with the intention of donating 100 percent to charitable causes as confirmed by Roman Abramovich." According to the numbers shared by the club in a statement published May 6, Boehly's group is purchasing the club in a deal worth $5.25 billion (£4.25 million), making it the most expensive team transaction in sports. From Bethesda, Maryland, the grandson of German immigrants made his money in investments and was the president of Chicago financial services firm Guggenheim Partners. Today he is the co-founder, CEO and chairman of Eldridge Industries, a private investment firm which makes investments across many different sectors. However, in late April, reports emerged that the Boehly's bid had been named as the sole preferred bid, entering into exclusive final negotiations to seal the transaction. An investor group led by LA Dodgers part owner Todd Boehly is taking over Chelsea FC from Roman Abramovich, the Russian oligarch who served as owner of the Premier League club since 2003. In 2015 he co-founded Eldridge Industries with assets including media assets Billboard, Variety, The Hollywood Reporter, Dick Clark Productions, and Security Benefit, which manages retirement funds.

A group of investors led by Dodgers part-owner Todd Boehly has agreed to purchase Chelsea Football Club from sanctioned Russian oligarch Roman Abramovich.

“… In addition, the proposed new owners will commit £1.75bn [about $2.16 billion] in further investment for the benefit of the Club.” The deal is expected to be completed in late May “subject to all necessary regulatory approvals,” the team said in a statement. “Of the total investment being made, £2.5bn [about $3 billion] 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,” Chelsea’s statement said.