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English Premiere League side, Chelsea Football club has on Saturday morning confirmed that the club now has a new owner.

This was contained in a statement on the club’s official website in the early hours of Saturday.

The statement reads, “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.

“Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.

“In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time”.

Recall that Chelsea former owner, Roman Abramovich was forced to let go off the club following various sanctions from the UK government on Russians, over Russia’s invasion of Ukraine of which Abramovich is said to be a close ally to Russia’s president, Vladimir Putin.

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