Premier League approves sale of Chelsea to Los Angeles Dodgers owner

The Premier League approved the proposal to sell the Chelsea to the consortium led by the co-owner of the Dodgers of the Angels, Todd Boehlyalthough the British government still needs to clear the deal before it can be completed.

Boehly reached an agreement to acquire the club for 2.5 billion pounds ($3.1 billion) — the most for any sports team — and with that the Russian’s control will come to an end Roman Abramovich after 19 years.

In a statement, the Premier League said on Tuesday that the board “has today approved the proposed acquisition of Chelsea Football Club from Todd Boehly/Clearlake Consortium.”

In addition to Boehly, the investment company Guggenheim Baseball Management, the American millionaire, is involved in the consortium. Mark Walteralso a co-owner of the Dodgers, and the Swiss tycoon Hansjörg Wyss.

He added that “the purchase remains subject to the government granting the required sales license and compliance with the final stages of the transaction.”

The negotiations have been extended because the British government is assuring that Abramovich, who was sanctioned for his relationship with the Russian president Vladimir Putindo not generate profit from the forced sale of the club.

Chelsea have been operating under a government license since Abramovich’s assets were frozen in March and it expires on May 31.

Who are the owners of the Los Angeles Dodgers?

Los Los Angeles Dodgers are property of Guggenheim Baseball Managementa group of investors led by Todd Boehly and of which former athletes are also part EarvinMagic’ Johnson y Billie Jean King.

Dodgers investors:

  • Todd Boehly (businessman)
  • ‘Magic’ Johnson (former basketball player and businessman)
  • Mark Walter (businessman)
  • Billie Jean King (extenista)
  • Robert Plummer (businessman)
  • Bobby Patton (businessman)
  • Stan Kasten (President of Los Dodgers)
  • Ilana Kloss (former tennis player and partner of BJ King)
  • Peter Grub (Hollywood producer)
  • Alan Smolinisky (entrepreneur/investor)

Guggenheim Baseball Management acquired the Dodgers in 2012 for nearly $2 billion, along with Dodger Stadium, from the McCourt family.

(With information from AP and EFE)

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