UK approves sale of Chelsea football club by Russian Abramovich
Dorries said the UK government was “convinced that the proceeds of the sale will not benefit Roman Abramovich or other sanctioned persons”. Abramovich, who British officials say has links to Russian President Vladimir Putin, was placed under sanctions in March after London came under pressure to punish Kremlin-linked oligarchs.
2/2 We are confident that the proceeds of the sale will not benefit Roman Abramovich or other sanctioned persons. I want to thank everyone, especially the officials who have worked tirelessly to keep the club playing and to enable this sale, protecting the fans and the wider football community.
—Nadine Dorries (@NadineDorries) May 25, 2022
The Premier League, Britain’s biggest football competition, said on Tuesday night that its board had also approved the sale of Chelsea to Los Angeles Dodgers co-owner Todd Boehly and members of the Clearlake Consortium for approximately $5.3 billion. He said he had “undertaken the necessary due diligence” for the sale.
Boehly, 48, has strong ties to the Washington area. He is from Northern Virginia and attended Landon School in Bethesda from sixth grade and graduated in 1991. He was a star wrestler who helped the Bears win two Inter Athletic Conference championships -States. In his senior year, Boehly was named team MVP and a Washington Post All-Met Honorable Mention in the 135-pound category (although in the newspaper his name was misspelled “Buehle”).
Landon said Boehly, a former member of its board, is the biggest benefactor in the school’s history, although no specific data has been made public. In 2014, Landon dedicated the Boehly Family Wrestling Room.
Boehly also wrestled at William & Mary, from which he graduated in 1996. His wife, Katie Garrett Boehly, graduated from the school in 1995. In 2014, they founded William & Mary’s Boehly Center for Excellence in Finance. Six years later, William and Mary announced that the couple would be major contributors to a $57 million project to upgrade sports facilities.
Last fall, Boehly was caught in the middle of a power struggle for control of the Washington Spirit of the National Women’s Soccer League. Owner Steve Baldwin entered into exclusive negotiations to sell the team to Boehly, even though Boehly’s offer was considerably lower than that submitted by co-owner Y. Michele Kang. Under pressure from investors, players and fans, Baldwin sold the team to Kang earlier that year.
Abramovich made his money after the fall of the Soviet Union by acquiring billions of dollars worth of oil and other Russian state assets. He owned the west London club for 19 years, during which he won 21 trophies. He has since been spotted on the sidelines of international peace talks between Ukraine and Russia, though his exact role in the talks remains unclear.
“Please know that this has been an incredibly difficult decision to make…and it pains me to part ways with the club in this way,” he said in March when announcing his decision. to sell the football club.