The Chelsea ownership saga has been going on for months now due to Roman Abramovich's connection to Russian president Vladimir Putin. But after he put the club up for sale, it appears the Blues have found their man.
A consortium led by American businessman Todd Boehly, who also is a part-owner of the Los Angeles Dodgers, has signed a contract to buy Chelsea. Here is more info, per The Guardian:
Article Continues BelowBoehly, a part-owner of baseball’s LA Dodgers and founder of Eldridge Industries, is expected to be the most public face of the consortium, although the largest stake in Chelsea is set to be held by the US private equity firm Clearlake Capital.
Boehly has also partnered with his fellow Dodgers owner Mark Walter, the Swiss billionaire Hansjörg Wyss and the British property developer Jonathan Goldstein. Under the arrangement the Tory peer Daniel Finkelstein and the publicist Barbara Charone would become non-executive directors of the club.
As you can see, there are a lot of names involved here in the Chelsea takeover, but Boehly will be the face of this new group. The club is currently under sanctions from the UK government but they will expire on May 31st, which means the sale of the team can happen before then.
The last step for the deal to be completed is for the Premier League to approve Boehly and his group to buy Chelsea. Once that happens, it becomes a reality. All the net proceeds will still go to charity, as Abramovich previously said.