The new owner of the London club will be a consortium led by American billionaire Todd Boley.

This is reported by the official website of the English club.

Of the total investment, £2.5bn will be used to buy shares in the club. These proceeds will be transferred to a “frozen” UK bank account with the intention of donating 100% of the amount to charity.

Another £1.75bn will be invested by the new owners into Chelsea’s development, including investments in Stamford Bridge, the Londoners’ academy, the women’s team and its arena, and the club’s fund.

It is noted that the new owners have to obtain all the necessary regulatory approvals for the purchase of shares in the London club. It is expected that Chelsea will be under their management by the end of May.

Recall that after the start of a full-scale Russian invasion of Ukrainian lands, the United Kingdom imposed personal sanctions against Abramovich. All assets of the Russian oligarch “frozen”. Note that getting Abramovich on the sanctions list means serious consequences for Chelsea.

In turn, the English Premier League has already removed Abramovich from the management of Chelsea. Also cooperation with the “blue” has suspended one of the main sponsors.

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