Chelsea: Contract signed for Boehly group to end Abramovich eraMay 7, 2022 - 11:38 AMT PanARMENIAN.Net - A consortium led by Todd Boehly has signed a contract to buy Chelsea and the deal to end Roman Abramovich’s ownership will go through subject to Premier League and UK government approval, The Guardian reports. Boehly, a part-owner of baseball’s LA Dodgers and founder of Eldridge Industries, is expected to be the most public face of the consortium, although the largest stake in Chelsea is set to be held by the US private equity firm Clearlake Capital. Boehly has also partnered with his fellow Dodgers owner Mark Walter, the Swiss billionaire Hansjörg Wyss and the British property developer Jonathan Goldstein. Under the arrangement the Tory peer Daniel Finkelstein and the publicist Barbara Charone would become non-executive directors of the club. The group was selected as the preferred bidder last Friday and has secured an agreement despite late interest from Sir Jim Ratcliffe. A deal had appeared in doubt amid fears of Abramovich reneging on a promise to write off Chelsea’s debt but the Russian oligarch denied on Thursday he wanted his £1.6bn loan repaid and within hours it emerged an agreement would be struck with Boehly’s consortium. Chelsea are operating under a special licence triggered by the government when it imposed sanctions on Abramovich and froze his assets after Russia’s invasion of Ukraine. That expires on 31 May, allowing more than three weeks for the sale to be completed. Photo. AFP/Getty Images Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |