Chelsea’s new owner has been identified

According to TelegraphBillionaire Todd Boehly is on his way to becoming the new owner of Chelsea club. The £3.5 billion offer helped the American investor overcome two heavyweights, including billionaire Stephen Pagliuca (owner of the football club). Atalanta and Boston Celtic basketball club) and Sir Martin Broughton – former chairman of British Airways.

Chelsea is still waiting to determine the new owner AFP

Both Pagliuca and Sir Martin Broughton have received notice from the Raine Group (the authorized entity responsible for the sale of Chelsea) that they will not have the opportunity to own the team. Todd Boehly’s victory was announced just days after billionaire Jim Ratcliffe announced he had joined the race for Chelsea with an offer worth £4.25 billion.

According to Goal, although Ratcliffe’s offer was of the highest value, the INEOS boss entered the race too late and was unable to comply with the application screening and analysis process that Raine Group has conducted recently. . “It is not clear whether the price offered by Ratcliffe will be accepted, as it is too late compared to the original deadline set by Raine Group,” the newspaper said. Goal evaluate. Thus, unless negotiations to transfer the club to billionaire Boehly break down, Jim Ratcliffe will have a chance to compete.

Todd Boehly holds a 60% stake in Eldridge Industries, where he runs most of his investments. Boehly has a number of personal investments, such as the team basketball Los Angeles Lakers. He also invests in the video game Fortnite, one of the most popular titles today. Boehly’s estimated net worth is $4.4 billion. Billionaire Todd Boehly is part of an alliance of US-Swiss investors, working alongside investor Hansjorg Wyss in the bidding process and acquiring Chelsea.

Billionaire Todd Boehly is on his way to becoming the new owner of Chelsea club AFP

In 2019, Boehly asked to buy Chelsea, but was denied Roman Abramovich refused. Sharing on Bloomberg, the American investor affirmed that he did not give up his ambition to own a club in the English Premier League. “Football is the number 1 sport” world. The passion that the audience has for football and the clubs is unmatched. When you think about building a team, you’re going to try to win and be a part of the community,” said Todd Boehly.

Billionaire Boehly’s victory has not been confirmed from Chelsea’s side or Raine Group. The Premier League organizers will conduct an examination of issues related to Boehly and his investment alliance, which is expected to take two weeks. After being declared the winner, Boehly will officially become the new owner of the club.

According to the provisions of English Premier League, Every investor after owning the team must commit to invest at least £1 billion in the stadium, the women’s team and the youth academy. Along with the cost of buying the club, it is expected that the amount of money Boehly and his partner must spend is between 3.5 and 4 billion pounds.

Chelsea had a hard time when the Russian owner was punished AFP

The American billionaire has committed to making a full investment in the club, and restarting the plan to upgrade Stamford Bridge, which has been stalled under Abramovich. Once the transfer of Chelsea is complete, the British Government will process the proceeds of the sale of the club and issue a license to release Chelsea from sanctions. That means the London team has the right to extend contracts and buy and sell players.

Shops selling souvenirs and Chelsea items are reopened. The team also has the right to sell tickets watch soccer and back to normal as before the ban.