Todd Boehly

Chelsea are likely to adopt a new approach in the transfer market, according to football finance expert, Kieran Maguire.

"They've seen what FSG have achieved at Liverpool. Liverpool have spent half a billion pounds less over the course of the last nine years investing in the player market compared to Chelsea, Manchester United and Manchester City and yet we're sitting this morning with Liverpool on the brink of a potential quadruple. According to Maguire, Boehly's consortium are likely to adopt a new tactic in the transfer market. A statement on the club's website read: "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.

Chelsea have confirmed Todd Boehly's consortium has agreed terms to buy the Stamford Bridge club from Roman Abramovich in a £4.25billion deal.

"We prefer to have it in a clear and forward-thinking situation. The Government is expected to ensure the sale proceeds benefit victims of the war in Ukraine, with Abramovich hoping that independent directors can run a new foundation. More details will be provided at that time." Abramovich remains hopeful that his plan to donate all the proceeds of the sale to a new charitable foundation can still come to fruition. That loan cannot be written off under the terms of Abramovich's sanctions however, and it is expected to be frozen on completion of the sale. The Boehly consortium is understood to have agreed to clauses that block the payment of dividends or management fees until 2032, also barring the sale of any Chelsea shares for 10 years.

Roman Abramovich announced Chelsea was up for sale on March 2. LA Dodgers part-owner beat competition from Sir Jim Ratcliffe, who bid £4.25bn, and two other ...

However, the Broughton consortium - led by former Liverpool and British Airways chairman Sir Martin, and including the billionaire Crystal Palace shareholders Dave Blitzer and Josh Harris - was still in the race. Chelsea had until May 31 to find a new bidder as the UK Government's licence for the club to operate ran out on that date. Tennis legend Serena Williams was also among the backers of the Broughton consortium. Chelsea say a deal is "expected to complete in late May". With the Raine Group - hired by Abramovich to oversee the sale of the club - having chosen its preferred bidder, the government can issue a separate licence to allow the Premier League club to be sold. The proposed deal, announced by the club in a statement in the early hours of Saturday morning, has to be approved by the UK Government and the Premier League before it can be completed.

US business tycoon Todd Boehly has agreed a £4.25billion deal to buy Chelsea from Roman Abramovich.

Britain’s richest man tabled a last-ditch offer for the Blues last week, but did so outside of the official sale process. Abramovich wants to write off his £1.5bn loan to Chelsea, but the sanctions currently block such a move. Former British Airways chairman Sir Martin Broughton and Boston Celtics co-owner Steve Pagliuca had joined Boehly in the final three bidding to buy the Blues. Boehly and his partners brokered a deal with New York merchant bank the Raine Group, handling the sale on Chelsea’s behalf.

A consortium led by Todd Boehly has struck a $5.24 billion deal to acquire top English Premier League soccer club Chelsea FC.

Abramovich has owned the club since 2003. Chelsea FC has been up for sale since the Russian invasion of Ukraine, which led to the U.K. government imposing sanctions on Russian oligarchs, including club owner Roman Abramovich. Boehly owns holding company Eldridge, which owns MRC and Dick Clark Productions, producers of Hollywood’s popular Golden Globes Awards, and serves as interim CEO of the Hollywood Foreign Press Association, which operates the awards. “Of the total investment being made, £2.5 billion will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen U.K. bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. U.K. Government approval will be required for the proceeds to be transferred from the frozen U.K. bank account.” “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,” Chelsea FC said in a statement early Saturday, local time. A consortium led by Todd Boehly has struck a deal reportedly worth £4.25 billion ($5.24 billion) to acquire top English Premier League soccer club Chelsea FC, one of the highest price tags ever agreed for a sports club in history.

Todd Boehly is set to become Chelsea FC's new part-owner after his consortium won its bid to buy the club for £4.25 billion. Chelsea published a statement ...

Abramovich also vowed to pass on "all net proceeds" from the sale to a new charitable foundation to help "all victims of the war in Ukraine". More details will be provided at that time." The statement added: "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.