Premier League news: Chelsea ownership latest

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Chelsea Football Club have updated their fans on the latest news regarding the ownership of the club

The statement reads

"Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.

"Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account."

Exploring Stamford Bridge

"In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time."

All the latest news and stories from the Premier League can be found by clicking the link below.  

 Premier League news (eurosuperfootball.blogspot.com)


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