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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |