Chelsea FC has agreed terms on the £4.25bn sale of the club to a consortium led by Todd Boehly, co-owner of the LA Dodgers baseball team.
A Chelsea statement said the new owners will pay £2.5bn for the club’s shares with all the proceeds going into a frozen bank account to be donated to charity.
The consortium is led by Boehly but Californian private equity firm Clearlake Capital will own a majority of the shares in Chelsea. Other investors include US billionaire Mark Walter and Swiss businessman Hansjoerg Wyss. Robey Warshaw, the London investment bank where former Chancellor George Osborne’s is a partner, has also been signed onto the Boehly bid in an advisory capacity.
Read more: Sport Industry
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