Roman Abramovich Selling Chelsea Soccer

[Birdman]

British businessman Jim Ratcliffe has made a £4.25 billion ($5.3 billion) offer to buy Premier League club Chelsea, his company Ineos said on Friday

British tycoon Ratcliffe makes $5.3 billion bid for Chelsea

British businessman Jim Ratcliffe has made a £4.25 billion ($5.3 billion) offer to buy Premier League club Chelsea, his company Ineos said on Friday.

u.afp.com

 

[David76]

 https://twitter.com/i/web/status/1520081191528976386

Seems like the Ratcliffe bid may be too late. I really don't understand how Chelsea can be worth this sort of money??

 

[Bandit]

The £4.25bn takeover of Chelsea FC has been thrown into fresh doubt amid "concerns" in Whitehall about assurances being provided by the Roman Abramovich.

• The British government is concerned that part of the £2.6bn for the sale will go to Camberley International Investments as part of the loan payback from Chelsea's parent company, Fordstam
  • Note: Camberley is owned by a trust fund in Cyprus, which benefits Abramovich's children
• Sources close to Abramovich dispute that and state that none of the money will go to Camberley.
• The British government, however, hasn't received any legal assurance from Abramovich, so they still suspect that the money can end up at Camberley and, eventually, in Abramovich's control.

Basically, the government's trying to influence the sale and ensure that none of the money goes to Abramovich instead of trusting the parties involved in the sale to do their thing.

 

[Tom]

Seems like the deal may almost be done

 https://twitter.com/i/web/status/1526639925298356231

 

[Legion]

The Premier League board has approved the proposed takeover of Chelsea by the Todd Boehly/Clearlake Consortium.

Los Angeles Dodgers co-owner Boehly had already agreed a £4.25bn purchase of the Blues, with Roman Abramovich's ownership tenure poised to end after 19 years.

A statement from the Premier League on Tuesday evening read: "The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.

"The purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction."

The British government is set to approve the sale after Mr Abramovich gave assurances he will not benefit from the deal, reports have suggested.

 

[Tom]

Good to see things moving forward. Hopefully, this time tomorrow it will all be done.

 

[Crabtree]

The UK Government has issued the licence that permits the sale of Chelsea Football Club.

"The steps today will secure the future of this important cultural asset and protects fans and the wider football community."

 

[Dylan]

I'm sure some Chelsea fans, probably not many though, will feel some relief they have finally dissociated the club from Abramovich. A new dawn under owners that hopefully have less blood on their hands.