Today’s kids know what’s best, says Chelsea’s new owner. No one has ever paid that much for a sports club

It was one of the most surprising consequences of the Russian invasion of Ukraine in the sports world. Tensions have been rising at Chelsea FC since the start of the aggression, as the owner Roman Abramovich’s relationship with Russian President Vladimir Putin has been discussed for years.

When the Russian billionaire’s name appeared on the British government’s sanctions list, he announced on March 2 that he would sell the club, which he owned since 2003. Since the British government’s announcement, the situation at the club has worsened as Chelsea is one of Roman Abramovich’s frozen assets in the British Isles.

The club cannot operate financially, cannot buy players, struggle to travel to matches and at the same time cannot sell tickets to fans, so only season ticket holders can go to Stamford Bridge stadium for matches.

Negotiations for a new owner have become one of the most watched sporting events in recent weeks and now the time has finally come. Chelsea accepted an offer of almost three billion euros, a world record in sports.

You will read:

  • Who will be the new owner of the club?
  • Exactly how much will the consortium pay for the purchase of the new club?
  • What happens to the money when it flows into Roman Abramovich’s escrow account?
  • Why was Sir Jim Ratcliffe’s offer not accepted?

A billionaire who has already tried it once with Chelsea

During Chelsea’s home game against Wolverhampton on Saturday, the match director often chose a man with pilot glasses who witnessed the match. It was the first game of Todd Boehly, the man who won the battle for one of the most valuable clubs in the world in the stands of his future club. Today he signed an agreement to buy Chelsea FC.

Todd Boehly is an American billionaire and head of the holding company Eldridge Industries, through which he also owns shares in the sports franchises LA Dodgers (baseball) and LA Lakers (basketball). He wanted to buy Chelsea in 2019, but then Abramović rejected his offer of 2.5 billion euros.

“Growing up, I was interested in computer games like Pac-Man or Donkey Kong. I knew nothing about Manchester United, Chelsea or Tottenham, nothing at all.

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