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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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Nigerian keeper Nwabali becomes beautiful bride as English, Saudi clubs battle for him

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Super Eagles and Chippa United of South Africa goalkeeper, Stanley Nwabali, has become a hot property as he is attracting serious interest from clubs in England and Saudi Arabia.

According to transfer guru and journalist, Fabrizio Romano, English Championship side, Queens Park Rangers (QPR), and Saudi Arabian side, Al Ettifaq, who are managed by Steven Gerrard, are among the teams willing to splash the cash to lure Nwabali away from Chippa.

“Nigeria GK Stanley Nwabali, on the list of different clubs as Al Ettifaq in Saudi and Queens Park Rangers in UK have enquired about him. His South African club Chippa United will consider his future move in the next months,” Romano wrote on X on Monday morning.

Romano added that the two clubs as well as some unnamed clubs have made enquiries about Nwabali and Chippa will look into his future but it remains to be if a transfer will materialise.

The 27-year-old had an impressive outing at the 2023 Africa Cup of Nations tournament where he pulled out impressive performances to lead Nigeria to the final.

His performances has also sparked rumours of interest in the South Africa with top PSL rivals, Kaizer Chiefs, being one of the clubs mentioned.

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Rigobert Song pens emotional farewell message following sack as Indomitable Lions’ coach

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Former coach of the Indomitable Lions of Cameroon, Rigobert Song, has bid an emotional farewell to fans of the national team following his sack during the week.

Song, who was relieved of his position by the Cameroon Football Federation (Fecafoot) led by his former teammate, Samuel Eto’o, on Wednesday, said he was so grateful for the opportunity to coach the team and expressed hopes of better days for the team’s future.

Reflecting on his tenure, Song expressed his pride in having led the Indomitable Lions for two years.

“I was very honored for two years to be the head coach of our national football team, the Indomitable Lions,” he wrote in his parting statement.

“Sport being what it is, our performances during these competitions were not commensurate with the notoriety and prestige of Cameroonian football.

“The Indomitable Lions is my story, it’s my Life. I remain a fan who knows that new and beautiful pages in the history of Cameroonian football will be written,” Song stated.

Song’s sacking followed Cameroon’s unexpected exit from the Africa Cup of Nations in January at the hands of Nigeria, coupled with a string of uninspiring results over the years.

His course was also not helped by his famous fallout with goalkeeper Andre Onana at the 2022 World Cup in Qatar where the fans favourite was send home from the team’s camp, an act which drew serious criticism from football fans in the country.

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