Factbox-Soccer-Timeline of Chelsea's sale

30/5/2022 9:00:00 PM

Factbox-Soccer-Timeline of Chelsea's sale

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Factbox-Soccer-Timeline of Chelsea's sale

(Reuters) - Following is a timeline on the sale of Premier League soccer club Chelsea, who have been sold by Roman Abramovich to a consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital.

March 2March 10Potential buyers for Chelsea told to approach the government. The club is permitted to operate under strict conditions which prevent transfer deals and new ticket sales while club merchandise store is closed.British property developer Nick Candy says he will give Chelsea fans a seat on the board if he buys the club and also provide short-term funding.

Former British Airways chairman Martin Broughton says his consortium bidding for Chelsea comprises wealthy investors from around the world. World Athletics President Sebastian Coe joins the consortium.U.S. Bank Raine Group, overseeing the club's sale, adds Boehly's group, the Ricketts family and Broughton's group to the shortlist of bidders.

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Soccer-Liverpool fans caused initial problems at Champions League final: French sports ministerPARIS (Reuters) - French Sports Minister Amelie Oudea-Castera said on Monday that large numbers of Liverpool fans who turned up without valid tickets were responsible for the initial crowd control problems at the Champions League final.

Soccer-Forest owner Marinakis promises investment for Premier League return(Reuters) - Nottingham Forest owner Evangelos Marinakis said the club will get the investment it needs to recruit top players after they sealed their return to the Premier League by beating Huddersfield Town in the Championship playoff final at Wembley.

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Soccer-Focused Haaland remains tight-lipped about City ahead of Norway dutySTOCKHOLM (Reuters) - Striker Erling Haaland smiled broadly but remained tight-lipped about his move from Borussia Dortmund to Manchester City as he joined up with the Norway squad for their four upcoming Nations League matches.

Feb.The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week for the sale to go ahead.Spanish newspaper Superdeporte had published audio of Murthy speaking at a work dinner where he allegedly described Liverpool and Newcastle as"s***" cities while also threatening to vilify Valencia players in the media if they forced an exit."What happened, first of all, was this mass gathering of the British supporters of the Liverpool club, without tickets, or with fake tickets," she told French radio RTL on Monday.

24 Abramovich is named in Parliament as Prime Minister Boris Johnson unveiled Britain's largest-ever package of sanctions against Russia after the country invaded Ukraine. Feb. (Reporting by Rohith Nair in Bengaluru; Editing by David Goodman) Article type: metered. 26 Abramovich gives trustees of Chelsea's foundation stewardship of the club amid calls in Britain that the Russian be sanctioned over Moscow's invasion of Ukraine. "The board of directors of Valencia CF wish to address recent events which have regrettably affected the club's relationship with fans, government authorities and the community," the club said in a statement https://www. March 2 Abramovich says he has decided to sell Chelsea and promised to donate money from the sale to help victims of the war in Ukraine as clamour for sanctions grows, but adds the sale will not be fast-tracked. March 4 A consortium led by American Boehly and Swiss business tycoon Hansjoerg Wyss enters the fray to make a bid for Chelsea.

March 10 Britain halts planned sale of Chelsea and imposes sanctions on Abramovich, effectively placing the club under government control. "The board would like to clarify that the content of the leaked conversations between Anil Murthy and various third parties are the personal views of Anil Murthy and not of Valencia CF. The team is allowed to carry on playing but the government said it was open to selling the club as long as Abramovich himself did not benefit. March 11 Potential buyers for Chelsea told to approach the government. The club is permitted to operate under strict conditions which prevent transfer deals and new ticket sales while club merchandise store is closed.. March 12 The Premier League board disqualifies Abramovich as a director at the club after he was sanctioned by the government.

March 13 British property developer Nick Candy says he will give Chelsea fans a seat on the board if he buys the club and also provide short-term funding. March 16 The owners of U." Valencia added that Sean Bai, the director of the club's academy, has been appointed as acting Director General on an interim basis as they look to appoint a permanent replacement.S. baseball outfit the Chicago Cubs team up with Citadel founder Ken Griffin to work on a bid to buy Chelsea. March 19 Former British Airways chairman Martin Broughton says his consortium bidding for Chelsea comprises wealthy investors from around the world.

World Athletics President Sebastian Coe joins the consortium. March 24 British government amends Chelsea's special licence to allow the club to sell tickets to fans for away games, with all revenue going to competition organisers. March 25 U.S. Bank Raine Group, overseeing the club's sale, adds Boehly's group, the Ricketts family and Broughton's group to the shortlist of bidders.

April 12-13 American investor Stephen Pagliuca hints at being prepared to divest his interest in Italian club Atalanta to buy Chelsea as he prepares to submit a bid. NBA chairman Larry Tanenbaum and former Chelsea captain John Terry join Pagliuca's bid. April 15 The Ricketts family pulls out of the running to buy Chelsea citing"unusual dynamics around the sales process". April 21 Former tennis world number one Serena Williams and seven-times Formula One world champion Lewis Hamilton join Broughton's bid to buy Chelsea. April 29 The consortium led by Boehly is in exclusive negotiations to buy Chelsea for $3 billion.

Pagliuca's group is told they are not the 'preferred bidder' and are out of the running but British businessman Jim Ratcliffe says he made a late bid to buy Chelsea. May 5 Abramovich denies media reports that he has asked for his loan to Chelsea -- reported to total 1.5 billion pounds ($1.90 billion) -- to be repaid. Ratcliffe says he is not giving up a bid to buy Chelsea despite apparent rejection from Raine.

May 7 A consortium led by Boehly and backed by Clearlake Capital wins the bid to acquire Chelsea in a deal worth 4.25 billion pounds ($5.38 billion). The proposal is sent to the government and Premier League for approval. May 24 The Boehly-Clearlake consortium passes the Premier League Owners' and Directors' Test, paving the way for the club's takeover.

May 25 The British government issues a licence that permits the sale of Chelsea to the Boehly-led consortium. May 26 Portugal gives Abramovich the green light to sell Chelsea. The Russian-born billionaire became a Portuguese citizen last year and is under European Union sanctions. May 28 Chelsea strike a final agreement to sell the club to the Boehly-led consortium. May 30 Abramovich completes sale of Chelsea and related companies to an investment group led by Boehly and Clearlake Capital, who will share joint control and equal governance of the club.

Chelsea say Boehly will serve as chairman of the holding company. ($1=0.7902 pounds) (Compiled by Rohith Nair in Bengaluru; Editing by Ken Ferris) Article type: metered .