A whole era in English football is over. Roman Abramovich finally sold Chelsea. This was reported on the night of May 6-7, 2022. The Russian businessman owned the club for almost two decades and turned it into the most successful machine in European football. But under the pressure of sanctions, he was forced to leave the team.
KP Sport answers the most important questions about the deal.
How much did Abramovich sell Chelsea for?
According to The World Street Journal, the deal amounted to 4.3 billion British pounds. This is 5.2 billion dollars. Thus, it turns out that Chelsea became the most expensive team in history. But these 4.3 billion will be divided into two parts:
- £2.5bn will be used directly to buy Chelsea shares. But Abramovich himself will not see them. Billions will be transferred to an account that the Russian ex-owner will not be able to use. Then they promise to use this money for charitable needs in Ukraine. But there may be nuances. Recently, the UK government came up with a proposal to take some of this money for the development of football in their country.
- £1.75bn will be used by the new owners as an investment for Chelsea’s development. They will be invested in Stamford Bridge, the academy, the women’s team and the Chelsea charitable foundation.
How much Abramovich lost on the sale of Chelsea
The Russian billionaire bought the English club in 2003 for £140m (or $190m). And then Abramovich pumped Chelsea great with money. I bought star players, hired the most successful coaches … As a result, Chelsea began to win trophies in the conveyor mode – the English Premier League, the FA Cup, the Champions League, the Club World Cup! … Abramovich’s Chelsea won almost everything that is possible. And its price soared more than 25 times!
All his investments in Chelsea, Abramovich formalized as loans. As a result, the club now owes him £1.6bn. More precisely, not to him, but to a special fund. But this did not save the businessman. But the British government strictly monitors that this money does not go to the Russian oligarch. As a result, Abramovich’s losses will amount to 1.74 billion pounds! That is exactly the amount that the new owners have to invest in the prosperity of Chelsea.
But Abramovich could not help but sell the club. If the deal had not gone through, the team would not have been given a license, and Chelsea would have gone bankrupt.
Who bought Chelsea
There were several contenders for the purchase. The final list was formed by the British government, and as a result, Chelsea went to those who had been walking around Abramovich and licking their lips at the football club for several years. The new owners of the Blues are two Americans and one Swiss:
- Todd Boely. 46-year-old American with a fortune of 4.5 billion dollars. Co-owner of the Los Angeles Dodgers baseball club, Los Angeles Lakers basketball club. Boeli seemed to want more than anyone else to buy Chelsea. He came to Abarmovchiu with an offer back in 2019, but then $3 billion did not suit the Russian businessman.
- Mark Walter. American, 62 years old, net worth $3.9 billion. Boeli’s longtime partner, co-owns the Dodgers baseball club with him.
- Hansjorg Wyss. Swiss, 86 years old. He made his 5 billion fortune on medicines and medical equipment in the USA. He is an American citizen and lives in New York.
Thus, Chelsea and the “Russian” football club became American.
A whole era in English football is over. Roman Abramovich finally sold Chelsea. This was reported on the night of May 6-7, 2022. The Russian businessman owned the club for almost two decades and turned it into the most successful machine in European football. But under the pressure of sanctions, he was forced to leave the team.
KP Sport answers the most important questions about the deal.
How much did Abramovich sell Chelsea for?
According to The World Street Journal, the deal amounted to 4.3 billion British pounds. This is 5.2 billion dollars. Thus, it turns out that Chelsea became the most expensive team in history. But these 4.3 billion will be divided into two parts:
- £2.5bn will be used directly to buy Chelsea shares. But Abramovich himself will not see them. Billions will be transferred to an account that the Russian ex-owner will not be able to use. Then they promise to use this money for charitable needs in Ukraine. But there may be nuances. Recently, the UK government came up with a proposal to take some of this money for the development of football in their country.
- £1.75bn will be used by the new owners as an investment for Chelsea’s development. They will be invested in Stamford Bridge, the academy, the women’s team and the Chelsea charitable foundation.
How much Abramovich lost on the sale of Chelsea
The Russian billionaire bought the English club in 2003 for £140m (or $190m). And then Abramovich pumped Chelsea great with money. I bought star players, hired the most successful coaches … As a result, Chelsea began to win trophies in the conveyor mode – the English Premier League, the FA Cup, the Champions League, the Club World Cup! … Abramovich’s Chelsea won almost everything that is possible. And its price soared more than 25 times!
All his investments in Chelsea, Abramovich formalized as loans. As a result, the club now owes him £1.6bn. More precisely, not to him, but to a special fund. But this did not save the businessman. But the British government strictly monitors that this money does not go to the Russian oligarch. As a result, Abramovich’s losses will amount to 1.74 billion pounds! That is exactly the amount that the new owners have to invest in the prosperity of Chelsea.
But Abramovich could not help but sell the club. If the deal had not gone through, the team would not have been given a license, and Chelsea would have gone bankrupt.
Who bought Chelsea
There were several contenders for the purchase. The final list was formed by the British government, and as a result, Chelsea went to those who had been walking around Abramovich and licking their lips at the football club for several years. The new owners of the Blues are two Americans and one Swiss:
- Todd Boely. 46-year-old American with a fortune of 4.5 billion dollars. Co-owner of the Los Angeles Dodgers baseball club, Los Angeles Lakers basketball club. Boeli seemed to want more than anyone else to buy Chelsea. He came to Abarmovchiu with an offer back in 2019, but then $3 billion did not suit the Russian businessman.
- Mark Walter. American, 62 years old, net worth $3.9 billion. Boeli’s longtime partner, co-owns the Dodgers baseball club with him.
- Hansjorg Wyss. Swiss, 86 years old. He made his 5 billion fortune on medicines and medical equipment in the USA. He is an American citizen and lives in New York.
Thus, Chelsea and the “Russian” football club became American.
