The challenge will be maintaining the expectation of regular trophies produced under the expensive transformation of Chelsea, with 21 collected in 19 years.Ĭhelsea had won the league only once - in 1955 - when Abramovich bought the club in 2003. Good news.”Ĭhelsea has the smallest and most dated stadium of the Premier League’s most successful clubs, with plans for a rebuild of the 41,000-capacity venue put on hold by Abramovich in 2018 when British-Russian diplomatic tensions deepened.Ĭhelsea said the 1.75 billion pounds committed will be in funding investments in Stamford Bridge, the academy and the women’s team, which can win its league title on Sunday.Īs well as being part owner of the MLB’s Dodgers, Boehly also has minority stakes in the NBA’s Los Angeles Lakers and WNBA’s Los Angeles Sparks. “Not relieved,” Tuchel said of the prospective sale, “but it gives us an outlook if terms are agreed, and hopefully the process will be streamlined and go forward as soon as possible.
The title is out of reach but Champions League qualification is nearly secured despite dropping points on Saturday. Thomas Tuchel’s team is third in the standings with three games remaining.
Abramovich’s side positioned him as a potential peacemaker but that trail has gone silent publicly in recent weeks.Ĭhelsea, whose ability to sell match tickets and commit to new player spending has been hampered by the sanctions, expects the sale to be completed by late May.
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The Premier League must approve them as the new owners, and the government has to sign off under the terms of the license that allows Chelsea to continue operating as a business through May 31 while being one of Abramovich’s frozen assets.Ībramovich has said he would write off loans of more than 1.5 billion pounds ($1.9 billion) to Chelsea but that has been complicated by the sanctions put in place by the British government. bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich,“ Chelsea said in a statement.
“Proceeds will be deposited into a frozen U.K. The billionaire - before being sanctioned at least - initially said the proceeds would go to a foundation for the victims of the war but he has become less specific.Īfter several rival bids were rejected, Chelsea agreed to a deal with a consortium that features Boehly along with Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss, and funding from private equity firm Clearlake Capital. Digital Replica Edition Home Page Close Menuīoehly was watching at the team’s Stamford Bridge stadium in west London that needs some of the 1.75 billion pounds ($2.2 billion) the prospective owners have committed to investing.Ĭhelsea fans have become accustomed to lavish funding in the 19 years under Abramovich’s ownership, with more than $1 billion net spending on players who have helped the men’s team win 21 trophies.īut Abramovich was forced to offload the club after he was targeted in the British government’s crackdown on wealthy Russians with ties to President Vladimir Putin after the invasion of Ukraine was launched in February.Ībramovich, who has not condemned the war, cannot benefit from the sale.
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