Chelsea confirm sale to US consortium – Abramovich goes away empty-handed

Consortium around billionaire Boehly

A consortium led by US billionaire Todd Boehly will take over Chelsea. The blues confirmed an agreement on the night from Friday to Saturday. According to media reports, the Premier League and the British government have yet to approve the sale of the Champions League winners to the American-Swiss group. This is necessary because the assets of the previous club owner Roman Abramovich have been frozen in the course of the Russian war of aggression in Ukraine. The sale is expected to be completed by the end of May, according to Chelsea.

Overall, the price for the club with coach Thomas Tuchel is around 4.25 billion pounds (5 billion euros). Of this, £2.5bn will be used to buy the club’s shares. Proceeds will be deposited into a frozen UK bank account and will be 100 percent donated to charity, Abramovich confirmed. The other billions flow into investments for the club such as Stamford Bridge and Kingsmeadow, the academy, the women team and or the Chelsea Foundation.

Boehly, Bin Salman & Co.: The owners of the 20 Premier League clubs

Chelsea FC – Todd Boehly (USA), Mark Walter (USA), Hansjörg Wyss (Switzerland)

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Entry year: 2022
Info: Here you can see the respective majority shareholders of the clubs, who do not necessarily have to own 100% of the shares.

Everton FC – Farhad Moshiri (Iran)

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Entry year: 2016

Aston Villa – Wes Edens (USA) & Nassef Sawiris (Egypt)

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Entry year: 2018

Arsenal – Stan Kroenke (USA)

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Year of entry: 2008

Newcastle United – Mohammed Bin Salman* (Saudi Arabia)

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Year of entry: 2021, as Chairman of the Public Investment Fund

Liverpool FC – John Henry (USA)

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Entry year: 2010

West Ham United – David Sullivan (Wales), David Gold (England), Daniel Kretinsky (Czech Republic)

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Entry year: 2010, Kretinsky from 2021

Southampton FC – Dragan Solak (Serbia)

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Year of entry: In 2022, Dragan Solak bought 80% of the club shares from Jisheng Gao (left) for £100m. Katharina Liebherr (right) continues to hold 20% of the shares.

Brentford FC – Matthew Benham (England)

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Entry year: 2011

Burnley FC – Alan Pace (USA)

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Entry year: 2020

Brighton & Hove Albion – Tony Bloom (England)

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Entry year: 2011

Crystal Palace – Steve Parish (England)

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Entry year: 2011

Leeds United – Andrea Radrizzani (Italy)

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Entry year: 2017

Leicester City – Aiyawatt Srivaddhanaprabha (Thailand)

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Entry year: 2019

Manchester City – Mansour Al Nahyan (UAE)

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Year of entry: 2008

Manchester United-Joel Glazer* (USA)

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*and family
Entry year: 2003

Norwich City – Delia Smith & Michael Wynn Jones (England)

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Year of entry: 1998

Tottenham Hotspur – Daniel Levy (England)

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Entry year: 2000

Watford FC – Gino Pozzo (Italy)

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Entry year: 2012

Wolverhampton Wanderers – Guo Guangchang (China)

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Entry year: 2016

In addition to Boehly and Mark Walter, who are co-owners of the Los Angeles Dodgers baseball club, the consortium also includes the Swiss multi-billionaire Hansjörg Wyss. The largest stake in the London club will be held by the US investor “Clearlake Capital”. The British chemical company “Ineos” and its boss Jim Ratcliffe entered the competition too late with a competing offer.

The financiers around Boehly had been chosen by the New York merchant bank “Raine” to enter into so-called preferential talks with the top English club. Due to the sanctions against Abramovich, Chelsea are currently not allowed to sign any new players or extend contracts. In addition, strict financial requirements apply to the club.

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