Chelsea takeover completed

[Bowery Boy]

£4.25bn with a commitment to invest another £1.7bn

Chelsea sale completed after Roman Abramovich agrees to government terms

The £4.25bn takeover of Chelsea by a consortium led by Todd Boehly has been completed after Roman Abramovich agreed to the government’s terms

www.theguardian.com

 

[Brick_Top]

Less than 20 years since they were sold for £140m as well.

Disgusting the sums of money involved in elite football now.

 

[crmpicco]

Truly horrible how much money is involved there considering we couldn't find a decent buyer in 2012 and were left with charlatans and crooks.

 

[Bowery Boy]

How many UK owners are left in the EPL?

 

[Nescafe_loyal]

Truly horrible how much money is involved there considering we couldn't find a decent buyer in 2012 and were left with charlatans and crooks.

Aye.

I've said and I'll stand by it. Scottish footbaw wont catch up to the other leagues unless a take over like this happens.

 

[Papasmurf]

Wonder how much of that money will find it’s way to Russia

 

[Caesar]

American owners? Bigger push for Super League etc.

 

[Blue Velvet]

Madness! Won’t be long till they’re playing league matches in the US like they do with the NFL in London.

 

[WinkieWATP]

Wonder how much of that money will find it’s way to Russia

Where does the money actually go?

 

[Rangerscoverboy]

Where's the money going?

 

[Barisic's Bandage]

£4.25bn with a commitment to invest another £1.7bn

Chelsea sale completed after Roman Abramovich agrees to government terms

The £4.25bn takeover of Chelsea by a consortium led by Todd Boehly has been completed after Roman Abramovich agreed to the government’s terms

www.theguardian.com

I'm pretty sure I read £4.25bn including the £1.7bn

 

[Bowery Boy]

Where does the money actually go?

Where's the money going?

The sale will follow a two-step process under which £2.5bn will go into an escrow account until the government is satisfied the funds will go to a charity for victims of the war in Ukraine. Boehly’s group has committed to invest a further £1.75bn in the club. Crucially, Abramovich has agreed to legally binding guarantees allowing his £1.6bn loan to Chelsea to go into a frozen account under government control.

The government has sought assurances that the charity will be independent of Abramovich. Mike Penrose, a former Unicef UK executive director, has been asked to run the foundation.

 

[Gibraltar Loyal]

American owners? Bigger push for Super League etc.

Wasn't a fan originally and still not fully on board but something has to happen to challenge the UEFA cartel

 

[Monty_greenock34]

I still find it mental the uk government can basically just steal this guys business and divvy up the money how they please just because of who he once associated with.

 

[Kentbear]

Lost interest in the falseness of the EPL long time ago, mind boggling sums of money thrown around.

 

[HandsomeHead]

I know lots of Chelsea fans who are all good lads, passionate about their club and supported them long before the Abramovich years, but I have little time for them as a club and there was definitely a part of me that was hoping the manufactured glory years they enjoyed under the Russian were over for good.

 

[Ross]

Your buying into a top 3/4 EPL team, based in London, have a very strong and expensive player pool and who have won UCL in past 5 years.

What price do you think there were going to sell for?

£3b purchase plus another £1.6b investment is about right tbh. There playing squad value must be close to a billion on it's own.

 

[Manhattan_Loyalist]

I still find it mental the uk government can basically just steal this guys business and divvy up the money how they please just because of who he once associated with.

People just glance over that like it's nothing all because they hate the EPL, the money involved, dislike Chelsea or one of these nutjobs that have Ukraine profile pictures/flags everywhere.

Or a combo of them all.

 

[Mustang mad]

Chelsea get to write off a 1.6bn debt?
very good

 

[Papasmurf]

People just glance over that like it's nothing all because they hate the EPL, the money involved, dislike Chelsea or one of these nutjobs that have Ukraine profile pictures/flags everywhere.

Or a combo of them all.

Kind of missing the reason it’s been done. The most important point

 

[Crouchy]

Should have made the buyer pay the money direct to Zelenskyy.

 

[Barrymoped]

Chelsea get to write off a 1.6bn debt?
very good

The debt is owed personally to Roman Abramovich, so it’s not really debt as such. It’s just included as part of the sale.

 

[Pirlo]

Pass the sick bucket. That league is an absolute cancer on the sport.

 

[Sam English]

C'mon the Chelsea Dodgers

 

[Scott1975]

crazy money!!

Abramovich must be absolutely raging that he was forced into this,he doesnt get a penny of it either

The mind boggles

 

[kenikinif]

I still find it mental the uk government can basically just steal this guys business and divvy up the money how they please just because of who he once associated with.

Takes a theif to catch a thief sometimes
I think there was plenty of stealing the Russian peoples businesses and divvying up the money after the fall of communism
I doubt he is heading for skid row

 

[ADMC]

Liked Chelsea from the 70s. Hope they continue to be a top club.

 

[ADMC]

crazy money!!

Abramovich must be absolutely raging that he was forced into this,he doesnt get a penny of it either

The mind boggles

Wouldn't feel sorry for him though - think he's already bought another club.

 

[ahalfallover]

another club who sold their soul

 

[Barrymoped]

another club who sold their soul

I always find this a very odd thing to say. What does sold their soul actually mean?

There are tens of thousands of life long Chelsea supporters who are absolutely delighted and have loved watching their club compete for and win the biggest prizes over the last 15 years.

I’m pretty sure the majority of us would be delighted if a billionaire bought Rangers and completely transformed our finances as well.

 

[ahalfallover]

I always find this a very odd thing to say. What does sold their soul actually mean?

There are tens of thousands of life long Chelsea supporters who are absolutely delighted and have loved watching their club compete for and win the biggest prizes over the last 15 years.

I’m pretty sure the majority of us would be delighted if a billionaire bought Rangers and completely transformed our finances as well.

moved away from traditional

 

[OohAhHuistra]

Shame was hoping they’d be fucked nothing to do with their owners etc just don’t like them

 

[ahalfallover]

Shame was hoping they’d be fucked nothing to do with their owners etc just don’t like them

thats the spirit

 

[SmileyBear]

Quick deal.

 

[Tino_Col]

I always find this a very odd thing to say. What does sold their soul actually mean?

There are tens of thousands of life long Chelsea supporters who are absolutely delighted and have loved watching their club compete for and win the biggest prizes over the last 15 years.

I’m pretty sure the majority of us would be delighted if a billionaire bought Rangers and completely transformed our finances as well.

To be fair a lot of life long Chelsea fans can't get tickets now because of tourists and mental prices. That said, they still have loved the last 15 years, even if watching on the telly.

 

[Guerilla]

Should have made the buyer pay the money direct to Zelenskyy.

He’ll get a kick back don’t worry. Another Florida mansion on the horizon

 

[DennistounGer]

They've known for years who he was associated with, even when Putin was trying to poison his enemies in the UK but turned a blind eye.
We've got Qatari's and Saudi's involved in the EPL splashing money around and they're all happy.
Palms will be getting greased left right and centre over this deal make no mistake.
Do we seriously think all the 2.5B will go to victims of war?
Abramovich 1.6B debt money will just sit in an account?

 

[GourockBlue50]

How do they make any profit on this kind of investment? Must take a long time to see returns.

 

[ahalfallover]

How do they make any profit on this kind of investment? Must take a long time to see returns.

Gourock chelsea still going?

 

[bud_light]

Wonder how much of that money will find it’s way to Russia

Eventually every last coin will end up in Russia

 

[El Bufalo]

I still find it mental the uk government can basically just steal this guys business and divvy up the money how they please just because of who he once associated with.

The Russian government do the same on a regular basis.

 

[GourockBlue50]

Gourock chelsea still going?

Don't know tbh.

 

[Killer Bob]

Abramovich made his money by purchasing Russian state owned assets in corrupt deals at grossly undervalued prices. No sympathy required.

 

[Midfield General]

Wonder how much of that money will find it’s way to Russia

And a few back pockets along the way.

 

[Cahoochie]

What do you reckon in ten years,
New York Chelsea or Tampa Bay Chelsea?

 

[Kirkhillbear]

Between this and the mbappe contract football is fucked by money.