Todd Boehly has stakes in the MLB’s Los Angeles Dodgers, the NBA’s Los Angeles Lakers, and the WNBA’s Los Angeles Sparks. (Credit: Reproduction/Disclosure)
Todd Boehly has stakes in the Los Angeles Dodgers of the MLB – North American Football League, the Los Angeles Lakers of the NBA and the Los Angeles Sparks of the WNBA.
Chelsea say the sale is expected to close later this month, “subject to all necessary regulatory approvals”.
A press release on Chelsea’s website reads: “Of the total investment being made, £2.5bn ($3.08bn) will be applied to buy the club’s shares and these proceeds will be deposited into a frozen bank account from the UK with the intention of donating 100% to charitable causes, as confirmed by Roman Abramovich.
UK government approval will be required for earnings to be transferred from the frozen UK bank account. “In addition, the proposed new owners will commit £1.75bn ($2.16bn) in additional investment for the benefit of the club. “
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