Chelsea takeover: ‘Confidence’ Boehly-Clearlake purchase will be complete in midweek

Chelsea are ‘confident’ that Todd Boehly and Clearlake Capital’s takeover of the club will be completed in the coming week, according to a report.

A consortium led by LA Dodgers co-owner Boehly reached an agreement to purchase Chelsea FC earlier in May, and the deal is on schedule to be completed before the end of the month as anticipated.

That is despite a number of bumps in the road on the way to this point. There were question marks over the repayment of a £1.6bn loan owed by the club which current owner Roman Abramovich had planned to waive, and concerns were raised when the oligarch allegedly failed to provide assurances over the £2.5bn proceeds from the sale.

However, a legal resolution was found to the loan issue and the government has been given the reassurance it needs to approve the proposed takeover.

According to Ben Jacobs, Chelsea are ‘confident’ of confirming the takeover by midweek as the parties involved work to conclude a deal as soon as possible. There is no formal deadline before 31 May but the process is described as ‘on track

Plans are also being put in place with the club’s various sponsors over the official announcement.
The incoming owner also intends to hold further talks with Chelsea men’s and women’s team coaches Thomas Tuchel and Emma Hayes as plans are made for the summer

Chelsea are currently under government sanctions due to Abramovich’s links to the Kremlin and Vladimir Putin. The Russian-Israeli put the club up for sale in early March shortly before the measures were imposed.

The club is effectively operating under a transfer embargo, with restrictions on ticket sales and travel until the takeover is complete