Original title: The total price of 4.25 billion pounds Chelsea and Burleigh consortium on the terms of the acquisition
On the 7th Beijing time, Chelsea officially announced that the club has accepted the acquisition offer of the Burleigh Consortium, which will acquire all the shares of Chelsea from Abramovich at a price of 2.5 billion pounds.
In addition, the Berleigh consortium has also promised an additional investment of 1.75 billion to upgrade the club’s infrastructure. At present, the two parties have signed an agreement, and the acquisition plan will be submitted to the British government and the Premier League, pending final review and approval. Chelsea are expected to complete the change of ownership process by May 31.
Abramovich, 56, became owner of Chelsea in 2003 and has invested heavily in building the team. After Abramovich took over, Chelsea has been among the top football clubs in Europe for nearly 20 years, winning a number of laurels including the Champions League and the Premier League.
On March 3, Beijing time, Abramovich announced through the club’s official statement that he had made the decision to sell Chelsea. Abramovich said he believed it was in the best interests of the club, fans, staff and the club’s sponsors and partners.
The British government announced sanctions on Abramovich on March 10, local time, and all his assets in the UK, including those of Chelsea Club, were frozen.
Full text of the official announcement:
“Chelsea Football Club has confirmed that an agreement has been reached for the acquisition of the club by a consortium led by Todd Burley, Clearlake Capital, Mark Walter and Hans Jorie Wise.
Of the agreed total investment, £2.5bn will be used to buy shares in the club, the proceeds will be deposited in a frozen UK bank account, with 100% of the funds going to charity, which has been approved by Roman Abra Movic’s confirmation. The transfer of proceeds from a frozen UK bank account requires UK government approval.
In addition, the proposed new owner will commit to investing a further £1.75bn in the club. This includes investments in Stamford Bridge, the academy, the women’s team and Kingsmeadow (home to Chelsea’s women’s team and the U23s), as well as continued funding for the Chelsea Foundation.
The sale is expected to close in late May, subject to all regulatory approvals. We will disclose more details at that time. “
