Premier League approves sale of Chelsea for billions

Premier League approves sale of Chelsea for billions

Premier League accepted Chelsea’s purchase process by the consortium led by businessman Todd Boehly; UK government still needs to give the go-ahead

The Premier League approved this Tuesday, the 24th, the sale of the Chelsea for the consortium led by the entrepreneur Todd Boehly, for the incredible value of £4.25 billion, something around R$ 25.8 billion. Despite this, the final purchase is subject to the approval of the UK government, which is responsible for issuing the sales license, in addition to other details.

It is worth remembering that Chelsea himself had already confirmed the agreement with the group at the beginning of the month, but the sale had not yet been finalized. As a result of this arrangement, the consortium will pay £2.5 billion to acquire the club’s shares. This amount will be deposited into a UK account, which will be frozen and then donated to charitable causes.

Channel – Athletistic

In addition to these points, there will also be a £1.75bn investment in Chelsea itself. THE Premier League applied the “owners and directors” test to prospective new Chelsea managers and they passed the league’s assessment. Now the British government needs to make sure that none of the proceeds from the sale go to the club’s former owner.

It is worth remembering that the Russian oligarch Roman Abramovich was hit by government sanctions after Russia’s invasion of Ukraine. Thus, Chelsea’s special operating license expires on the 31st of May. Because of this, the tendency is for the sale to be formalized this week as soon as all points are officially defined.

Premier League approves sale of Chelsea (Credit: GettyImages)

astronomical proposal

Before being officially sold to the consortium led by businessman Todd Boehly, Chelsea received some of the most astronomical offers ever seen. One of them, for example, belonged to the owner of the petrochemical company “INEOS”, the businessman Jim Ratcliffewhich made itself available to pay approximately R$ 26.3 billion.

Through an official note, he even confirmed that he is prepared to buy the club and made it clear that he wants to make it one of the biggest in Europe. The owner of the petrochemical company already has experience in European football as he is the majority shareholder in nicefrom France, but this time lost the contest.

Source: sportbuzz

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