Dodgers part-owner Todd Boehly wins bid to buy Chelsea FC for $5.25 billion

Chelsea's Timo Werner in motion with Wolverhampton's Francisco Trincao on Saturday.
REUTERS

A gaggle of buyers led by Dodgers part-owner Todd Boehly has agreed to buy Chelsea Soccer Membership from sanctioned Russian oligarch Roman Abramovich.

The brand new possession group, which additionally options funding agency Clearlake Capital, one other Dodgers co-owner in Mark Walter and swiss billionaire Hansjoerg Wyss, is shopping for the London-based Premier League workforce for £4.25 billion ($5.25 billion), the membership introduced Friday.

The deal is anticipated to be accomplished in late Might “topic to all vital regulatory approvals,” the workforce stated in an announcement.

Abramovich put the membership in the marketplace in early March following Russia’s invasion of Ukraine. The consortium led by Boehly — an funding banker who co-founded Connecticut-based holding firm Eldridge Industries — beat out teams that included one led by Celtics co-owner and Bain Capital co-chair Stephen Pagliuca and one other by Philadelphia 76ers co-owners Josh Harris and David Blitzer.

Boehly watched on as Chelsea blew a two-goal lead in an eventual 2-2 tie with Wolverhampton on Saturday.

Chelsea’s new proprietor Todd Boehly (c.) celebrates a objective throughout a match towards Wolverhampton on Saturday.

AFP through Getty Photos

Chelsea confirmed on Saturday that the membership was offered for £4.25 billion.

AFP through Getty Photos

“Of the entire funding being made, £2.5bn [about $3 billion] will likely be utilized to buy the shares within the Membership and such proceeds will likely be deposited right into a frozen UK checking account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich,” Chelsea’s assertion stated. “… As well as, the proposed new homeowners will commit £1.75bn [about $2.16 billion] in additional funding for the advantage of the Membership.”