LONDON :Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday, ending a three-month process to sell the club.
"In selling the club, Mr. Abramovich stipulated that the new owner must be a good steward of the club, the net proceeds of the sale must be donated to charity, and that he would not seek the repayment of loans made to affiliates of the club," Chelsea said in a statement https://www.chelseafc.com/en/news/2022/05/30/statement-from-board-of-directors-of-chelsea-football-club-limit.
"Chelsea's long-term future is now secured and binding commitments have been received which ensure sanctioned individuals cannot financially benefit from the sale. The government retains control to ensure that this is the case."British Sports Minister Nigel Huddleston said on Twitter https://twitter.com/HuddlestonNigel/status/1531291493079650305 that the completion of the sale would come as a"great relief" for Chelsea fans.
The club eventually received 12 credible bids which were narrowed down to four before the Boehly-led consortium was chosen as the preferred bidder. "Our vision as owners is clear: we want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea's remarkable history of success.
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