Abramovich sold Chelsea for £4.25 billion: new owners of the club and terms of the deal named
The deal must be completed before May 31, as this date is the final date in the license issued by the British authorities to sell the club.
Russian oligarch Roman Abramovich sold London FC “Chelsea”.
A £4.25bn deal has been agreed and US businessman Todd Bowley will now be the club's new principal owner. He is also the co-owner of the “LA Dodgers” and the “LA Lakers” will be owned by Swiss billionaire Hansjörg Wyss and American businessman Mark Walter.
It is noteworthy that the transaction must be completed before May 31, as this date is the final date in the license issued by the British authorities to sell the club.
In addition, the deal will take place only after the full approval of all conditions by the authorities and the Premier League.
According to the terms of the deal, 2.5 billion pounds sterling will be used to purchase shares in the club and will go entirely to charity. This was previously reported by Abramovich himself, who will not receive a single pound from the deal.
It is noted that at first the funds will be frozen and only then sent as donations in full.
1, 75 billion pounds in additional investments will go to the club's additional expenses, including the development of the team's infrastructure (stadium, club academy, etc.), the women's team, etc.
There are a number of conditions among the important terms of the sale of the club.
Now for 10 years, a ban has been imposed on the payment of dividends and payments for the management of the club.
The sale of shares is prohibited for the same period. And finally, the club is forbidden to go beyond the established debt.
Earlier, Topnred wrote that against the backdrop of the threat of sanctions and restrictions, Roman Abramovich handed over the leadership of Chelsea to a charitable foundation.