[arista]

[arista]

[arista]

[arista]

[arista]

Today is the Deadline Final day for it's Sale


Expected to go for £2Billion pounds +

The 4 buyers
all are connected to USA sports



Ref: Adam Boulton drive show (He is a guest presenter)
Times Radio DAB and free online.

[arista]

https://www.theguardian.com/football...man-abramovich

They look at those trying to buy it.

[bitontheslide]

there are reports that bidders have been asked to add an extra 500m to their bids

[arista]

Originally Posted by bitontheslide

there are reports that bidders have been asked to add an extra 500m to their bids

Yes to go
to a Charity

[Cherie]

Originally Posted by arista

Yes to go
to a Charity

Why

[bitontheslide]

Originally Posted by Cherie

Why

Abramovich wants more for charity apparently

[arista]

Originally Posted by Cherie

Why

[Roman Abramovich 'demands an
extra £500MILLION from Chelsea's
prospective new buyers
as sanctioned owner wants to sell the
club for £2.5bn - with £1bn of that donated to charity]

https://www.dailymail.co.uk/sport/sp...s-charity.html

[bitontheslide]

beggars cant be choosers

[arista]

[Serena Williams and Sir Lewis Hamilton
have reportedly backed a bid to buy
Chelsea Football Club from Russian
billionaire Roman Abramovich,
according to Sky News on Thursday,
as the global bidding war to own
one of soccer's most famous clubs intensifies.]

[arista]

[Chelsea owner-in-waiting Todd Boehly
speaks for the first time since being named
as preferred bidder,
outlining the importance of affordable tickets
and fan engagement at a conference in Los Angeles
Todd Boehly, part-owner of Los Angeles Dodgers,
could take over at Chelsea
He has been speaking in Los Angeles
about running sporting institutions
Boehly's consortium were chosen
as preferred bidders late last week ]

https://www.dailymail.co.uk/sport/sp...hilosophy.html

[bitontheslide]

Chelsea have agreed terms on the £4.25bn ($5.2bn) sale of the club to a consortium led by Todd Boehly, co-owner of the LA Dodgers baseball team.

The club was put up for sale before owner Roman Abramovich was sanctioned for his alleged links to Russian president Vladimir Putin following the invasion of Ukraine.

A Chelsea statement said the new owners will pay £2.5bn for the club's shares.

The proceeds will go into a frozen bank account to be donated to charity.

The consortium is led by Boehly but Clearlake Capital, a Californian private equity firm, would own a majority of the shares in Chelsea. Other investors include US billionaire Mark Walter, also a co-owner of the LA Dodgers, and Swiss billionaire Hansjoerg Wyss.

The consortium said it will provide £1.75bn to invest in the Premier League club, including "investments in Stamford Bridge, the academy, the women's team and Kingsmeadow and continued funding for the Chelsea Foundation".

In the statement, Chelsea said the sale was expected to complete in late May. The takeover will require approval from the English football authorities and the UK government.

Chelsea are operating under a special licence from the UK government which ends on 31 May, but last month, Culture Secretary Nadine Dorries said the club were on "borrowed time" to complete the sale.

Any sale can only be signed off by the bidder passing the Premier League's owners' and directors' test.

Boehly, an American investor and businessman, has a reported net worth of $4.5bn (£3.6bn), according to Forbes.

He is a part owner of the Dodgers - a US baseball franchise - and US women's basketball outfit the Los Angeles Sparks, and owns a stake in the renowned LA Lakers NBA franchise.

His consortium also includes American PR executive Barbara Charone, British businessman Jonathan Goldstein and British journalist Daniel Finkelstein.

Other consortiums who had been in the running to buy Chelsea have been headed by Sir Martin Broughton and the co-owner of the Boston Celtics, Stephen Pagliuca, but they were told in late April that their bids were unsuccessful.

British billionaire Sir Jim Ratcliffe - majority shareholder of chemical group Ineos - made a late offer, but it arrived on 29 April, several weeks beyond the initial deadline for bids of 18 March.

Ratcliffe's bid was dismissed but he said on 4 May that he was "not giving up".

On Thursday, Abramovich said he has not asked for his £1.5bn loan to Chelsea to be repaid when the club is sold.

A spokesperson said Abramovich "remains committed" to making sure the proceeds from the sale "go to good causes".

https://www.bbc.co.uk/news/business-61360374

[arista]

Yes a Mega Deal going through today
Boehly and his LA Co funders

It will take around 3 weeks
to go through

SkyNewsHD Business Editor


Todd Boehly

[arista]

The sale is to go through

Nadine Dorries MP has given the licence for the sale.

SkyNewsHD Live

[bitontheslide]

The Chelsea sale is expected to be completed on Monday after a "final and definitive agreement" was reached with the consortium led by Todd Boehly.

The Premier League and UK government have approved the £4.25bn takeover.

Chelsea were put up for sale in March before owner Roman Abramovich was sanctioned over his links to Russian president Vladimir Putin.

The club have been operating under a special government licence which expires on 31 May.

"Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium," Chelsea said in a statement on Saturday morning.

"It is expected that the transaction will be completed on Monday."

https://www.bbc.co.uk/sport/football/61616251

[Zizu]

Soooooo if Chelsea have lost practically £100,000 every week for the last 19 years why have the new buyers paid £4.25 BILLION !!

.. and why do they feel that they’ve only paid a ‘fire sale’ price ??


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