Chelsea: Perhaps the club’s most exciting acquisition in history

Rarely does any quality seem more important to Roman Abramovich than loyalty. Since he bought Chelsea Football Club for around £150m in the summer of 2003, supporters have remained largely loyal to him, and the Russian oligarchs have honored him for his services. Like the sugar daddy, he elevated the former middle-class club to elite football club with £1.6 billion in loans issued. Even the entry ban and trade ban recently imposed on Abramovich in Great Britain did not change the often submissive attitude of his supporters towards the club’s sponsor.

The British government confiscated his assets, including Chelsea FC, two months ago in retaliation for Abramovich’s apparent complicity with Russian President Vladimir Putin. The association, which was subject to a trade embargo, has since been allowed to continue emergency operations only on the basis of a special license issued by May 31. In order not to jeopardize the continued existence of the 117-year-old club, Abramovich, 55, had to immediately put up the club’s shares for sale and forego both the proceeds from the sale and the repayment of his loans. Recently circulating speculation that he would change his mind, Abramovich resolutely rejected it through a speaker on Thursday – thus setting the stage for what could be the most exciting club acquisition in the sport’s history to date.

If the agreement signed on Friday is ratified by the Premier League and the British government in May, Abramovich will sell Chelsea to a group of investors led by US billionaire Todd Boehle – for £2.5 billion, the highest ever paid for a sport. Club released. The US soccer team’s $2.3bn (£1.75bn) divestment from the Carolina Panthers three and a half years ago was the most expensive deal of its kind to date.

The total volume of the sale could reach 4.25 billion pounds

Almost as a parting gift for the ever-distinguished fans, Abramovich left a deal through US commercial bank The Ryan Group (whose co-founder Joe Ravic met on the Caribbean island of St Barth) with the goal of cementing Chelsea’s reputation as a title contender. In addition to the purchase price, the club’s new owners must provide £1.75 billion “in favor of the club”, according to the press release. This increases the total size of the deal to 4.25 billion pounds (five billion euros). Freely available capital will likely flow mainly into the renovation of the old home grounds at Stamford Bridge (capacity: about 40,000 spectators), after Abramovich himself halted the €1 billion project four years ago in retaliation for refusing to extend his expired investor. Visa.

Carrying out the construction project would be a coup for Chelsea, because infrastructure spending is not governed by financial fair play rules – clubs are not allowed to spend more money than they earn – and the money saved is used to promote a professional team around coach Thomas Tuchel. After the impending free transfer of defender Antonio Rudiger to Real Madrid, Chelsea urgently need an equal successor next season. Especially since two other defenders, captain Cesar Azpilicueta and Andreas Christensen, are expected to leave the club in the summer.

In addition to the financial demands, Chelsea allegedly demanded a guarantee from the new owners in the selection process that they would not be able to sell majority stakes in the club or pay dividends or management fees for the next 10 years. Exceeding a certain debt limit may also not be permitted. On the island, the clauses are protection against a takeover of the Manchester United squad: There, the Glazers, who own the property, put a large portion of the purchase price on the club as a mortgage.

At the request of Abramovich, the proceeds will benefit the victims of the war in Ukraine

Due to the sanctions imposed on Abramovich, proceeds from the club’s sales will initially be transferred to a frozen state-controlled bank account. According to Baron Raw Materials, the amount is intended to benefit the victims of the war in Ukraine, although the project is subject to government approval. This seemingly noble gesture contrasts with Putin’s war activities, from which Abramovich has not distanced himself to this day, whether out of old solidarity or fear of revenge. Also in limbo is what will be done with his loans he has issued, which could lead to huge tax payments to Chelsea if cancelled. However, it now appears that the club’s future is secured – and is in good hands with Boehly, known as a contributor to the Los Angeles Dodgers baseball team.

Although Boehly, 48, is the face of the takeover campaign and will exercise operational control of the club in the future, investment firm Clearlake Capital, whose founders contacted Boehly through another bidding process earlier in the year, reportedly. To be majority owner of Chelsea by 60 per cent a. The group of interests also includes Swiss billionaire Hansjörg Wyss, real estate developer Jonathan Goldstein (managing director of investment firm Cain, partly owned by Boehly) and Boehly’s longtime partner Dodgers Mark Walter. After several unsuccessful acquisition attempts, such as the first in 2019, Boley, who started his banking career, sat in the managers box for the first time as appointed club president in Chelsea’s 2-2 home game against Wolverhampton Wanderers. Saturday. Because of the draw, which means Tuchel’s side only took eight points in seven matches, third-placed Chelsea missed an initial decision in the long-distance duel with rivals Arsenal and Tottenham to qualify for the Champions League due to a late goal.

More than Leeds United’s next catch-up match during the week in the Premier League, the focus was already on the FA Cup final against Liverpool on Saturday. The team could bring Roman Abramovich’s last title at Chelsea.

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