Chelsea being sold for $3B to LA Dodgers owners, investors

London, May 7 (US): CThe helsea will be sold to a consortium fronted by Todd Boyle, part owner of the Los Angeles Dodgers, according to the Associated Press.

And the sale price of 2.5 billion pounds ($3.1 billion) for the Club World Cup winner and European champions 2021 is the most lucrative ever for a sports team worldwide.

Another 1.75 billion pounds ($2.2 billion) was earmarked for investment in Chelsea’s teams and stadiums.

After rejecting several competing bids, Chelsea said Saturday that terms of the acquisition have been agreed with a consortium that includes Boehly along with Dodgers chief owner Mark Walter and Swiss billionaire Hansjorg Wyss and funding from private equity firm Clearlake Capital.


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