Chelsea are being sold to LA Dodgers owners for a $ 3 billion sporting record

London – Chelsea’s forced sale ends after attracting the highest price for the $ 3.1 billion sports team from a consortium co-owned by Los Angeles Dodgers Todd Boehly.

There are still potential stumbling blocks for the sale of Roman Abramovich’s property, frozen by sanctions against the Russian oligarch. The British government must approve the terms and ensure that Abramovich does not profit, although it appears to want to divert the proceeds to charity.

Hours after the buyout terms were agreed and announced, Boehly had a disappointing introduction to life as an English Premier League investor when Chelsea knocked out a two-goal lead on Saturday and drew with Wolverhampton 2-2.

Chelsea are being sold to a consortium with US sports investor Todd Boehly, ending 19 years of Roman Abramovich's 19 years of ownership and lavish investment until the Russian oligarch is sanctioned and forced to oust the club from the Premier League.

Boehly watched at the Stamford Bridge team’s West London stadium which needs just under $ 2.2 billion as much as the potential owners have pledged to invest.

Chelsea fans have become accustomed to lavish funds in 19 years under Abramovich’s ownership, with more than $ 1 billion in net spending on players who helped the men’s team win 21 trophies.

But Abramovich was forced to land the club after being targeted by the British government’s attacks on wealthy Russians linked to President Vladimir Putin after an invasion of Ukraine was launched in February.

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