Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehle, Klerlake Capital, Mark Walter and Hansjörg Weiss, to take over the club.
Of the total investment, £2.5 billion will be used to purchase club shares and that proceeds will be deposited into a UK frozen bank account with the intent of donating 100% to charitable causes, as confirmed by Roman Abramovich. UK Government approval will be required to transfer proceeds from the UK frozen bank account.
In addition, the proposed new owners will pledge an additional £1.75 billion in investment to the club, including investments in Stamford Bridge, the academy, women’s team and Kingsmeadow and ongoing funding to the Chelsea Foundation.
The sale is expected to end in late May, subject to all necessary regulatory approvals. More details will be provided at that time.