Chelsea Soccer Club Bought By Todd Boehly-Led Group For $5 Billion, Ending Abramovich Connection

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Chelsea Soccer Club Bought By Todd Boehly-Led Group For $5 Billion, Ending Abramovich Connection
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The future of Chelsea Soccer Club looks assured, with the London Club announcing its new owners today. Following the freezing of the assets of former owner, Russian oligarch Roman Abramovich, on hi…

Following the freezing of the assets of former owner, Russian oligarch

“Of the total investment being made, £2.5 billion will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.”

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