The sale is expected to close by the end of May, subject to all necessary regulatory approvals, it said. Accordingly, the Premier League and the British government must now agree to the sale of the Champions League winner 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.
Selling price is to be donated
The £2.5bn to buy the club shares will be paid into a blocked UK bank account. As announced by Abramovich, the money should be donated “100 percent to charity,” Chelsea said. Abramovich recently denied speculation that he would benefit from the sale of Chelsea. UK Government approval is required for remittance of proceeds.