Chelsea set to complete takeover in late May

Chelsea have announced in a club statement that they expect a takeover of the club to be completed by late May, with a consortium led by Todd Boehly set to acquire the Blues.

The club have been left in limbo since Roman Abramovich was sanctioned by the British government in March, but seem to have finally found a solution to suit all parties. Boehly, who also co-owns the LA Dodgers baseball team, had seemingly been the frontrunning bid for sometime, and the club have now announced that it is this bid that is set to succeed.

Todd Boehly, Co-Founder, Chairman and CEO, Eldridge, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

The takeover is thought to be worth £4.25bn, will make Chelsea the most expensive sports club in history, eclipsing the £2.5bn that was paid by Joseph Tsai to takeover the Brookyln Jets in the NBA in 2019.

What have Chelsea said?

‘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’, the Blues revealed.

‘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.’

‘In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.’

‘The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.’

It is good news for Chelsea, not only because their ownership search is complete, but also due to the commitment to continue investing large sums of money into the club, though specifically it does not mention funding for playing staff.

Whether this is simply an oversight, or a sign thatthe club will have to operate in a different fashion, will be something made clear only in the coming years.

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Premier League table

#	Team	MP	D	P
1	Manchester City	34	63	83
2	Liverpool FC	34	64	82
3	Chelsea FC	34	39	66
4	Arsenal FC	34	13	63
5	Tottenham Hotspur	34	20	61
6	Manchester United	36	5	58
7	West Ham United	35	7	52
8	Wolverhampton Wanderers	34	1	49
9	Brighton & Hove Albion	35	-8	44
10	Newcastle United	35	-16	43
11	Leicester City	33	-6	42
12	Crystal Palace	34	3	41
13	Aston Villa	33	-2	40
14	Brentford FC	35	-11	40
15	Southampton FC	35	-17	40
16	Burnley FC	34	-15	34
17	Leeds United	34	-34	34
18	Everton FC	33	-20	32
19	Watford FC	34	-37	22
20	Norwich City	34	-49	21

Player	Team	Goals
Salah, Mohamed	Liverpool FC	22
Son, Heung Min	Tottenham Hotspur	19
Ronaldo, Cristiano	Manchester United	18
Jota, Diogo	Liverpool FC	15
Mane, Sadio	Liverpool FC	14
Kane, Harry	Tottenham Hotspur	13
Toney, Ivan	Brentford FC	12
Zaha, Wilfried	Crystal Palace	12
De Bruyne, Kevin	Manchester City	11
Saka, Bukayo	Arsenal FC	11
Mahrez, Riyad	Manchester City	11
Mount, Mason	Chelsea FC	10
Bowen, Jarrod	West Ham United	10
Fernandes, Bruno	Manchester United	10
Dennis, Emmanuel	Watford FC	10
Pukki, Teemu	Norwich City	10
Sterling, Raheem	Manchester City	10
Raphinha	Leeds United	10
Vardy, Jamie	Leicester City	10
Smith-Rowe, Emile	Arsenal FC	10

Player	Team	Red Cards	Yellow Cards
Bednarek, Jan	Southampton FC	0	10
Tarkowski, James	Burnley FC	0	10
Bissouma, Yves	Brighton & Hove Albion	0	10
Firpo, Junior	Leeds United	0	10
Fernandes, Bruno	Manchester United	0	9
Gallagher, Conor	Crystal Palace	0	9
Neves, Ruben	Wolverhampton Wanderers	0	9
Brownhill, Josh	Burnley FC	0	9
Mings, Tyrone	Aston Villa	0	9
Xhaka, Granit	Arsenal FC	1	8
Mctominay, Scott	Manchester United	0	9
Salisu, Mohammed	Southampton FC	0	8
Dennis, Emmanuel	Watford FC	0	7
Richarlison	Everton FC	0	8
Pogba, Paul	Manchester United	1	7
Alonso, Marcos	Chelsea FC	0	8
Moreno, Rodrigo	Leeds United	0	8
Cash, Matty	Aston Villa	0	8
McGinn, John	Aston Villa	0	8
Joelinton	Newcastle United	0	8

Player	Team	Assists
Salah, Mohamed	Liverpool FC	13
Alexander-Arnold, Trent	Liverpool FC	12
Robertson, Andy	Liverpool FC	10
Kane, Harry	Tottenham Hotspur	9
Mount, Mason	Chelsea FC	9
Pogba, Paul	Manchester United	9
Bowen, Jarrod	West Ham United	8
Jesus, Gabriel	Manchester City	8
Kulusevski, Dejan	Tottenham Hotspur	8
Son, Heung Min	Tottenham Hotspur	7
Lacazette, Alexandre	Arsenal FC	7
Barnes, Harvey	Leicester City	7
Mbeumo, Bryan	Brentford FC	7
Cancelo, Joao	Manchester City	7
De Bruyne, Kevin	Manchester City	6
Saka, Bukayo	Arsenal FC	6
Fernandes, Bruno	Manchester United	6
Dennis, Emmanuel	Watford FC	6
Antonio, Michail	West Ham United	6
Maddison, James	Leicester City	6