Approved the sale of Chelsea to the Todd Bohley Group

The Premier League has approved the sale of Chelsea to Todd Bohley’s group.

Chelsea Football Club revealed about two weeks ago that a business alliance led by Todd Boehle had fully accepted the purchase of the club by Roman Abramovich for 4.25 billion pounds (5.24 billion dollars).

Buhli, co-owner of the Los Angeles Dodgers baseball team, won the race to buy Chelsea, during the largest public acquisition in the history of the sport.

After Boehle, Clearlake Capital, Mark Walter and Hans-Jörg Wiese have been approved by the Premier League and the UK government, the acquisition agreement is expected to be signed.

In a previous statement, Chelsea confirmed: “Chelsea Football Club can confirm that an agreement has been reached with a group of new owners, led by Todd Boehle, Klerlake Capital, Mark Walter and Hans-Jorg Wiese, to acquire the club”.

The statement, published by the British news agency BA Media, added: “From the current total investment, £ 2.5 billion will be earmarked for the purchase of shares in the clubsuch proceeds will be deposited into a blocked UK bank account with the intention to donate 100% from it in charity, according to Roman Abramovich.

He stressed: “UK government approval will need to be obtained to transfer the revenue from the blocked UK bank account.”

In addition, the new owners will pledge £ 1.75 billion in further investments for the club. This includes investments in Stamford Bridge (the stadium of the club), academy, the women’s team, Kingsmeadow Stadium, as well as ongoing funding for the Chelsea Foundation. “

He stressed: “It is expected that the disposal of the club it will be completed by the end of this month, after obtaining all necessary regulatory approvals. More details will be provided in that moment”.

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