Chelsea FC have agreed the terms of the sale of the club to the American businessman Bowley
MOSCOW, May 7 – English football club Chelsea have agreed terms for the acquisition of a controlling stake in the Blues by a consortium of American businessman Todd Bowley, the press service of the Londoners said.
The consortium includes Bowley, who co-owns the Los Angeles Dodgers baseball team and the Los Angeles Lakers basketball club, as well as Swiss billionaire Hansjörg Wyss and American businessman Mark Walter. As specified in the press service of Chelsea, the deal should be completed at the end of May.
Chelsea Football Club can confirm that terms have been agreed upon for the acquisition of the club by a new group of owners led by Todd Bowley, Mark Walter, Hansjorg Wyss and equity firm Clearlake Capital. “These funds will be transferred to a frozen bank account in the UK with a view to donating them in full to charitable causes, as previously reported by Roman Abramovich. The transfer of funds from the frozen account will require the approval of the UK government,” the message says.
Chelsea also said that the new owners of the club will invest 1.75 billion pounds in additional costs to develop the team’s infrastructure.
The last owner of Chelsea was Roman Abramovich. In early March, he announced that he had put the club up for sale in connection with the sanctions due to the events in Ukraine. Abramovich bought Chelsea in 2003. Under him, the London club became the champion of England five times, won the FA Cup five times and won the English League Cup three times, and also won the Champions League and the Europa League twice.