Chelsea takeover spareheaded by Todd Todd Boehly have hit a new stage early hours today, MySportDab reports.
Todd Boehly has been the favorite to complete the takeover of Chelsea as their bid is the highest of them all.
Things are now progressing as of today with so much happening that an official statement has been made.
This has been going on for long which saw the club ban from making business or transfer which has affected them.
Antonio Rudiger recently agreed a deal with Real Madrid due to delay in the Chelsea takeover.
The club is expected to loss more players before the end of the season as many of them are looking elsewhere.
Although according to official statement from Chelsea Website, the club will be announcing a new owner very soon.
Here Is What Was Said:
“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.
“Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich.
“UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.
“In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club.
“This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.
“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.
This means Todd Boehly led consortium will be announced as the new owner of Chelsea once everything has been signed.
Business will resume immediately with Reece James and Mason Mount expected to sign a new contract.
