Crypto-Connected Chelsea Football Club Sale Imminent; Russian Billionaire's 20-Year Ownership To End

© Reuters. Crypto-Connected Chelsea Football Club Sale Imminent; Russian Billionaire’s 20-Year Ownership To End

The much-hyped Chelsea Football Club’s sale to the Todd Boehly group may be completed as soon as by Monday. Clearlake Capital will back the deal.

According to the football club’s statement, it received the sale approval this week from the Premier League and the British government.

The British government approved a $5.3 billion deal, bringing a close to Russian billionaire Roman Abramovich’s almost 20-year football club ownership.

“Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the Club to the Todd Boehly/Clearlake Capital consortium,” the club said.

In a separate statement, Abramovich said that the ownership of Chelsea “comes with great responsibility,” and his goal is to ensure that the next owner can achieve success for both the men’s and women’s teams.

Also Read: 5 Things You Might Not Know About Russian Billionaire Roman Abramovich

Chelsea Football Club Partners With WhaleFin

The football club previously announced a partnership with the Amber Group-backed crypto platform WhaleFin for a $20 million per year deal.


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