The deal must be completed by May 31, as this date is the final one in the license issued by the British authorities for the sale of the club.
Russian oligarch Roman Abramovich has sold London FC to Chelsea.
A deal worth 4.25 billion pounds has been agreed and now American businessman Todd Bowley will become the new main owner of the club. He is also a co-owner of the LA Dodgers baseball team and the LA Lakers basketball club.
In addition to the shares of “Chelsea ” will be owned by Swiss billionaire Hansjorg Wiss and American businessman Mark Walter.
It is noteworthy that the transaction must be completed by May 31, since this date is the final one in the license issued by the British authorities for the sale of the club.
In addition, the transaction will take place only after the full approval of all conditions by the authorities and the submarine.
According to the terms of the deal, 2.5 billion pounds will be used to purchase shares of the club and will go entirely to charity. This was previously reported by Abramovich himself, who will not receive a pound from the deal.
It is noted that at first the funds will be frozen and only then sent as donations in full.
1.75 billion pounds as additional investments will be spent on additional expenses of the club, including the development of the team’s infrastructure (stadium, club academy, etc.), the women’s team, etc.
Among the important terms of the deal for the sale of the club, there are a number of conditions at once.
Now, for 10 years, a ban has been imposed on the payment of dividends and payments for the management of the club.
The sale of shares is prohibited for the same period. And finally, the club is forbidden to go beyond the limits of the established debt.
Earlier, Topnred wrote that against the threat of sanctions and restrictions, Roman Abramovich handed over the leadership of Chelsea to a charitable foundation.