7.3 C
London
Monday, January 30, 2023
HomeSportsThe British Government authorizes the sale of Chelsea to Todd Boehly |...

The British Government authorizes the sale of Chelsea to Todd Boehly | Sports | The USA Print

Date:

Related stories


Green light for the sale of Chelsea. The British sports minister, Nadine Dorries, confirmed on Wednesday that the English government has issued a permit to go ahead with the change of ownership of the English team. Until now the owner of the London club, Russian tycoon Roman Abramovich, is subject to sanctions by the British government due to his relationship with President Vladimir Putin, so he put the club up for sale in early March. The oligarch then assured that he would not claim the investment he has made in Stamford Bridge since he bought the club in 2003 for some 160 million euros. Since then, the economic injection in the entity blue It has been 1,750 million euros from his own pocket, in a period of 19 years in which the team has won five Premier titles and two Champions.

“We are convinced that the proceeds from the sale of Chelsea will not benefit Abramovich or any other sanctioned individuals,” Dorries explained. “Given the sanctions we imposed on people linked to Putin and the bloody invasion of Ukraine, the club’s long-term future can only be secured under new ownership.”

This Tuesday, the Boehly-Clearlake consortium, which agreed the terms to acquire Chelsea for 4,250 million pounds, about 5,000 million euros (the highest investment by a club in the history of football), passed the examination of owners and managers of the Premier League.

The new owner of Chelsea will be the American businessman Todd Boehly, 46 years old and in charge of 80 companies: insurance, financial services, hotels such as The Beverly Hilton and the Waldorf Astoria in Beverly Hills; real estate, the cultural festival SXSW (South by Southwest), the independent film production company A24, specialized magazines The Hollywood Reporter, Rolling Stone and Billboard. Boehly’s investment fund also bought at the end of last year for 500 million dollars, together with Sony, the musical catalog of Bruce Springsteen and The Killers.

Abramóvich, with the Champions won last season by Chelsea.
Abramóvich, with the Champions won last season by Chelsea.EFE

On the sporting front, Chelsea, a club with 117 years of history and current champion of the Champions League (Liverpool and Madrid will play this season’s final this Saturday), now joins the Los Angeles Dodgers and the Los Angeles Lakers. The baseball team, one of the most important in the United States, was bought in 2012 for 2,000 million dollars. Since then, the team has flourished in the hands of the businessman, who personally owns 20% (the fund is owned by another 7%). And in June of last year they bought 27% of the Lakers, a percentage put up for sale by the controversial conservative businessman Phil Anschutz. The Buss family, however, continues to control the majority of the team led on the track by Lebron James.

Boehly’s landing at Stamford Bridge reinforces the presence of the Americans in the Premier League. Eight teams are already controlled by American companies, including the Glazer family’s Manchester United, Stan Kroenke’s Arsenal and Fenway Sports Group’s Liverpool (owners of the Boston Red Sox).

You can follow EL PAÍS Sports in Facebook Y Twitteror sign up here to receive our weekly newsletter.



Also Read:

The Heat with a great comeback beat the Celtics at home| The USA Print
The Marlins are not for sale, says owner Bruce Sherman| The USA Print
Vinicius Jr is not a provocateur, quite the opposite| The USA Print
Messi would reject PSG's offer and could reach Inter Miami | The USA Print
Cuban Lenier Peró to hard test in Showtime evening| The USA Print
Two-time champion Azarenka eliminates Pegula in the quarterfinals in Australia| The USA Print
The Heat manage to come out on top against the Pelicans| The USA Print
Jamahall Hill ends the era of the legendary Glover Teixeira at UFC 283| The USA Print
Glover Teixeira and Jamahall Hill go all out for the light heavyweight belt at UFC 283| The USA P...
The Mavericks pass over a Heat without body or soul| The USA Print
Embiid scores 32 as 76ers edge Blazers 105-95| The USA Print
Madrid gets stuck in Piraeus: 73-60 | Sports| The USA Print
The Mossos arrested Dani Alves and took him to court for sexual assault| The USA Print
Pumas terminates the contract of Dani Alves after entering prison accused of rape| The USA Print
Celtics beat Warriors in replay of final with extra time| The USA Print
The Camp Nou will host Piqué's King's League final | Sports| The USA Print
Russell scores 16 in 4th period; Wolves beat Raptors| The USA Print
Mark NT
Mark NT
Mark NT was born and raised in the India. He worked at a literary development company as a publisher. He is a creative website writer for teens and a good book reviewer.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Up to 75% off on Best Web Hosting

X