Chelsea confirm terms agreed Boehly-led consortium to buy club - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Chelsea said the new owners would pay 2.5 billion pounds to purchase shares while committing a further 1.75 billion pounds to invest in the stadium, women's team, the academy and the Chelsea Foundation.Chelsea said the new owners would pay 2.5 billion pounds to purchase shares while committing a further 1.75 billion pounds to invest in the stadium, women's team, the academy and the Chelsea Foundation.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the club,” the statement said. Chelsea said the new owners would pay 2.5 billion pounds to purchase shares while committing a further 1.75 billion pounds to invest in the stadium, women’s team, the academy and the Chelsea Foundation.

The announcement comes with just over three weeks remaining on the club’s current operating licence, which expires on May 31.He cleared the path for the takeover on Thursday after dismissing reports he wanted a loan given to the club, reportedly worth 1.5 billion pounds , to be repaid.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boehly-led consortium wins bid to take over Chelsea - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A consortium led by LA Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4.0 billion pounds, Britain’s Telegraph newspaper reported on Friday.
Source: SABCNews - 🏆 37. / 51 Read more »

Target 850,000 South African business owners with your next advertising campaignBusinessTech is the best online platform to reach South African business owners, thanks to its position as the largest business news website in the country.
Source: BusinessTechSA - 🏆 24. / 61 Read more »