Chelsea Football Club’s expected sale has been confirmed and will be the highest paid for a professional sports team.
The terms of the agreement were reached with a consortium led by Todd Bohley, part-owner of the Los Angeles Dodgers, and supported by Clearlake Capital.
A deal worth 25 4.25 billion ($ 5.2 billion) has been announced for the reigning European champions.
The stadium and the women’s team include 1. 1.75 billion ($ 2.2 billion) pledged to invest.
Russian billionaire Roman Abramovich, who owned the team for nearly 20 years, is currently under British government restrictions and will donate all the money to charity.
Abramovich put the club up for sale in early March after his country’s invasion of Ukraine.
Proceeds from the sale will be kept in a frozen UK bank account.
The agreement is expected to be completed by the end of May and is still subject to the necessary approvals.
The टॅ 2.4 billion price tag paid by billionaire hedge-fund manager Steve Cohen for the New York Mets is the highest in 2020, according to data from Delogic and the Wall Street Journal.
The Bohli group, which includes Swiss billionaire Vice, was in exclusive negotiations to buy the club after British billionaire Jim Ratcliffe turned down a late bid.
Several groups expressed interest in the team, led by Boston Celtics co-owner Stephen Pagliuka and former British Airways chairman Martin Broton, as well as the Ricketts family of Chicago Constables owners.
