Abramovich sold Chelsea for £4.25bn: new club owners and terms of deal named

Abramovich sold Chelsea for “4.25bn: new club owners and terms of deal named

Deal to be finalized ok ;here on May 31, because this date is the deadline for issuing the license by the British authorities to sell the club.

Russian oligarch Roman Abramovich has sold London FC “Chelsea”. American businessman Todd Bowley will now be the new main owner of the club. He is also part owner of the “LA Dodgers” and the “LA Lakers” will be owned by Swiss billionaire Hansjörg Wyss and American businessman Mark Walter.

It should be noted that the transaction must be finalized before May 31, as this date is the deadline in the license issued by the British authorities to sell the club.

Furthermore, the agreement will only take place after full approval of all conditions by the authorities and the league.

Under the terms of the deal, £2.5billion will be used to buy shares in the club and will go entirely to charity. This has already been reported by Abramovich himself, who will not receive a single pound from the deal.

It should be noted that at first the funds will be frozen and only then sent as donations in full.

£1.75billion of additional investment will go towards additional club spending, including the development of team infrastructure (stadium, club academy, etc.), women's team, etc.

There are a number of conditions among the important terms of the sale of the club. Now, for 10 years, a ban has been imposed on the payment of dividends and payments for the management of the club.

The sale of shares is prohibited for the same period. And finally, the club is forbidden to go beyond the established debt.

Earlier, Topnred wrote that against the background of the threat of sanctions and restrictions, Roman Abramovich has entrusted the management of Chelsea to a charitable foundation.

Источник topnews.ru

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