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American billionaire, Todd Boehly, agrees deal to buy Chelsea Football Club for £2.5bn

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English Premier League club, Chelsea, on Friday, confirmed that the club has agreed terms with a consortium led by American billionaire Todd Boehly, to takeover from embattled Russian oligarch, Roman Abramovich, for a fee in the region of £2.5 billion.

A statement on the club’s website confirming the agreement, said complete takeover of the club by the Boehly consortium Is expected to be completed by the end of May “subject to all necessary regulatory approvals” by the UK government.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club,” the statement said.

“Of the total investment being made, £2.5bn 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.

“In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

“The sale is expected to be completed in late May subject to all necessary regulatory approvals. More details will be provided at that time.”

The American businessman, investor, and philanthropist who is the co-founder, Chairman and Chief Executive Officer of Eldridge Industries, a holding company based in Greenwich, Connecticut, USA, also owns stakes in the MLB’s Los Angeles Dodgers, the NBA’s Los Angeles Lakers and the WNBA’s Los Angeles Sparks.

The club’s embattled current owner Abramovich, who is subject to sanctions by the British government and has seen his assets frozen by the government, had put the club up for sale in early March following the Russian invasion of Ukraine, saying at the time it was “in the best interest of the Club.”

The announcement of the Boehly deal comes with just over three weeks remaining on the club’s current operating licence, which expires on May 31.

Among those who had previously expressed interest in buying the club included British billionaire Jim Ratcliffe and groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton, and a consortium led by Chicago Cubs owners the Rickets family.

Boehly’s interest in the current European champions is not new; in 2019, he had made a £2.2b bid to buy the Blues from Abramovich, an offer that was swiftly rejected.

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Ngannou accuses Joshua of employing dirty tactics in their fight in Saudi Arabia

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Former UFC heavyweight champion, Francis Ngannou, has accused British-Nigerian boxer, Anthony Joshua, and his promotion team of employing unfair and dirty tactics during their recent bout in Saudi Arabia where Joshua defeated the Cameroonian.

Ngannou who spoke on ‘The Joe Rogan Experience’ podcast on Friday, gave details of a series of incidents he believes were designed by the Joshua team to give the former world heavyweight champion an edge in their fight.

The Cameroonian fighter, who made his professional boxing debut against Tyson Fury in 2023, claimed that British boxing promoters deliberately disrupted his preparation schedule to give Joshua the edge in the fight.

“We get into fight week, and every time we’re going to do media, they’re going to pick me up, and then I get there and have to wait an hour and a half before media arrives,” Ngannou narrated.

He stated that his striking coach, Dewey Cooper, became suspicious of the deliberate delays which he interpreted to be a tactic to make fighters get tired quickly.

Ngannou also recounted issues on the day of the fight, describing how he arrived at the arena hours before the scheduled fight time, only to be informed of a significant delay.

“A producer comes into the locker room and says, ‘Oh, guy, we are running late on the broadcast. Now we’re going to go around 1:45.’ I’m like, okay, 1:45. It’s 10:45. Three hours. Okay.”

Ngannou who refused to blame Joshua directly for these incidents, however, pointed accusing fingers at the organising bodies.

“This is definitely not on him – Joshua, because he wasn’t the guy that was sending all those emails, organizing. So I’m not blaming him for anything. But the organisation did quite some stuff that wasn’t fair,” Ngannou stated.

Despite the allegations, Ngannou acknowledged Joshua as a skillful fighter.

“Not to say Anthony Joshua couldn’t beat me. I think if there’s somebody that you can lose against, he’s the guy; he’s one of the best doing it,” Ngannou concluded.

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Meet Nigerian-born players doing big things for Japan at Paris 2024 Olympics

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The Nigerian male U-23 football team may have missed out of the Paris Olympics Games after failing to qualify from the African qualifying series but the country is well represented in two Nigerian-born stars, Leo Kokubo and Joel Chima Fujita, who are doing great things for Japan.

Both players, born to Nigerian parents, were in action as the Japanese U-23 team pummeled Paraguay 5-0 in their opening match at the Olympics on Wednesday.

Chima Fujita, whose father is Nigerian, was the lynchpin in the Japanese midfield as he dictated the play and had two assists for the team.

The number eight shirted Chima featured for all 90 minutes and protected the defense from any incursion the 10-man Paraguayans had to offer.

The 22-year-old plays for Belgium First Division side St Truiden.

23-year-old Leo Kokubo who who also plays for St Truiden, was in goal for 90 minutes and pulled up fantastic saves to keep the Paraguay strikers from breaching his goal.

With the 5-0 victory over 10-man Paraguay in Bordeaux, Japan made a strong start to the Paris Olympic men’s football competition and will face Mali in their second match on Saturday.

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