LONDON, May 7 — A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to £4.0 billion , Britain'sThe proposal has now been sent to the government and Premier League for approval.
With just over three weeks remaining on the club's current operating licence, which expires on May 31, Boehly is on course to complete his takeover by the end of this month,Russian owner Roman Abramovich, now subject to sanctions by the British government, put the London club up for sale in early March following his country's invasion of Ukraine.
Abramovich cleared the path for the takeover on Thursday after he dismissed reports that he wanted a loan given to the club, reportedly worth £1.5 billion, to be repaid. The Boehly group, which also includes Swiss billionaire Hansjorg Wyss and British property investor Jonathan Goldstein, were in exclusive negotiations to buy the club after a late bid from British billionaire Jim Ratcliffe was rejected.
Groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton were earlier eliminated from the bidding process while a consortium led by Chicago Cubs owners the Ricketts family pulled out of the running. — Reuters
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer-Boehly-led consortium wins bid to take over Chelsea(Reuters) - A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea, Britain's Telegraph newspaper reported on Friday.
Source: staronline - 🏆 4. / 75 Read more »
Soccer-Boehly-led consortium wins bid to take over Chelsea(Reuters) - A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea, Britain's Telegraph newspaper reported on Friday.
Source: staronline - 🏆 4. / 75 Read more »
Ratcliffe still pursuing Chelsea bid despite rejection | Malay MailLONDON, May 6 — British businessman Jim Ratcliffe remains interested in buying Chelsea despite having his late bid for the London club dismissed, according to a director of his petrochemicals company Ineos. Ratcliffe, reportedly Britain's richest man, revealed on Friday he was putting forward an...
Source: malaymail - 🏆 1. / 86 Read more »
Tuchel hopes for quick end to Chelsea sale sagaLONDON: Thomas Tuchel hopes Chelsea’s sale will be completed quickly after the Blues boss was told Todd Boehly’s consortium have been chosen as the pr...
Source: theSundaily - 🏆 25. / 51 Read more »
EU tweaks Russia oil sanctions plan in bid to win over reluctant states | Malay MailBRUSSELS, May 6 — The European Commission has proposed changes to its plan to embargo Russian oil, in a bid to win over reluctant states, an EU source told Reuters on Friday. The tweaked proposal, to be discussed by EU envoys at a meeting on Friday starting from 0730 GMT, would include a... NATO you desire to save Ukraine then contact me via TPEOM.
Source: malaymail - 🏆 1. / 86 Read more »
WHO: Covid led to 15 million deaths globally, not the 5 million reported | Malay MailNEW YORK, May 5 — Almost three times as many people have died as a result of Covid-19 as official data show, according to a new World Health Organisation (WHO) report, the most comprehensive look at the true global toll of the pandemic so far. There were 14.9 million excess deaths associated with...
Source: malaymail - 🏆 1. / 86 Read more »