Chelsea officially go from Abramovich to Buehly

After 19 years, Roman Abramovich’s era officially ends today at Chelsea. The works for the sale of the company, which began in March, have formally concluded. In recent days, the club had communicated that an agreement was reached for the sale to Todd Boehly and the Clearlake Capital Consortium, also anticipating that all the necessary operations would be completed by May 30th.

Complied with forecast, as explained by the current board of directors of the Blues in a note: “Roman Abramovich has completed the sale of Chelsea Football Club and related companies in the investment group led by Todd Boehly and Clearlake Capital. The sale process is started on March 2, establishing that the new owner must be a good administrator and the net proceeds of the sale must be donated to charity, without asking for the repayment of the loans granted “. The transfer will take place for 4.25 billion pounds, equal to approximately 4.9 billion euros.

the new course

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Boehly already has several stakes in the sports field, including a stake in the Los Angeles Dodgers of Major League Baseball, and in the Los Angeles Sparks, a Wnba team. He acquired Chelsea along with two other entrepreneurs, Hansjorg Wyss and Jonathan Goldstein. The Raine investment bank, selected by Abramovich for its experience in consulting for sports clubs, took care of the aspects of the sale. The club’s board has secured a commitment from the new owner for an investment strategy in specific branches, such as the youth sector, the women’s team, the Stamford Bridge redevelopment and the Chelsea Foundation.

record transfer

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The important selection carried out in a short time was also explained in the press release. “Many described the transaction as ‘unprecedented’ and it did. It would take between nine and twelve months, we managed it in less than three. We received more than 250 inquiries from buyers, holding discussions with more than 100 bidders. In the end, 12 credible proposals were made and the consortium led by Todd Boehly and Clearlake Capital was chosen. ” So, a special thanks to the technical component, and beyond. “We extend our gratitude to all the players and staff, in particular to Thomas Tuchel and Emma Hayes (coach of the women’s team, ed) for the patience and support shown in this period. Thanks also to all the partners and fans and obviously to Roman Abramovich, for 19 incredible and unforgettable years “.