Roman Abramovich’s 19 years as Chelsea owner is closer to ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.
The government had to be sure that Abramovich, who was sanctioned over his links to Russian President Vladimir Putin, did not profit from the enforced sale of the club that his investment turned into one of the most successful in European football.
The reigning FIFA Club World Cup winners and 2021 European champions will be sold for 2.5 billion pounds ($3.1 billion) — the highest price ever for a sports team — once Premier League approval is granted.
Chelsea has been operating under a government license since Abramovich’s assets were frozen in March and it expires on May 31.
Serena Williams, Lewis Hamilton join bid to buy Chelsea Premier League clubFormer tennis world number one Serena Williams and seven-times Formula One world champion Lewis Hamilton have joined Martin Broughton’s bid to buy ... Entertainment
Chelsea football club will sell to American billionaire after sanctions on AbramovichChelsea is being sold to a consortium fronted by American sports investor Todd Boehly, ending 19 years of ownership and lavish investment by Roman ... Entertainment
Chelsea being sold for $3 bln to LA Dodgers owners, investorsChelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by ... World News