Chelsea buyer will struggle in financial league, writes LiamWardProud
Chelsea Football Club on May 7 said its owner Roman Abramovich, who is subject to UK government sanctions, had agreed to sell the London soccer club to a U.S.-led consortium for 2.5 billion pounds.
The buyers include Los Angeles Dodgers part-owners Todd Boehly and Mark Walter, Californian private equity firm Clearlake Capital and Swiss billionaire Hansjörg Wyss. The group has also committed to invest 1.75 billion pounds in the club, including in its stadium, Stamford Bridge. Chelsea said it expected to complete the sale in late May, pending government approval. Abramovich’s proceeds from the deal will be deposited into a frozen UK bank account and donated to charitable causes, the club said.Stamford Bridge, the stadium of Chelsea Football Club is pictured after Britain imposed sanctions on its Russian owner, Roman Abramovich, in London, Britain, March 10, 2022.
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