Chelsea

What Todd Boehly did after Chelsea’s win against Watford, announcing the conclusion of the takeover

After Chelsea’s last Premier League game on Sunday, potential new Chelsea owner Todd Boehly was observed on the pitch chatting to players. Chelsea won over Watford thanks to a late Ross Barkley goal, capping off a tumultuous season for Thomas Tuchel’s team.

Following the game, Boehly was spotted conversing with Cesar Azpilicueta and a number of Chelsea players, possibly indicating that the takeover is nearing completion. The new Chelsea owners, led by Boehly and Clearlake Capital, might be announced as early as next week, ahead of a £4 billion acquisition.

According to Sky News, talks are underway over stipulations that would prevent the incoming owners of Chelsea from profiting from dividends or management fees for a decade.
After the game, Boehly was spotted talking to Thomas Tuchel about his first win at Stamford Bridge.

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Chelsea’s advisers are understood to be hoping for provisions that would restrict any share sales until 2032, as well as constraints on the amount of debt that may be taken on, as part of the discussions. All potential bidders were required to invest a least of £1 billion on the stadium, academy, and women’s team.
“Fans looking for an announcement towards the end of the season will probably have to wait a bit longer,” Jacobs added. Despite the need to complete the transaction as quickly as possible, no official deadline has been set before May 31, and I am informed (again) that everything is on track.

“Fans looking for an announcement around the end of the season will most likely have to wait a bit longer.” Despite the need to complete the transaction as quickly as possible, no official deadline has been set before May 31, and I am informed (again) that everything is on track.

“All parties have discussed the announcement’s public relations strategy. Chelsea may have hoped to confirm the deal last week, based on Trivago’s “schedule error,” though sources publicly reject this, assuring me that “late May was always our realistic goal.”

“It’s worth noting that, even if everything went properly, going from purchase agreement to legal sale (including monies transfer) in a couple of weeks is quite speedy. The Chelsea sale may appear chaotic (and it surely has been dramatic). However, completing it before May 31 is rather remarkable.”

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