The Chelsea sale could be completed before the end of the season, the PA news agency believes.
Helsea have until May 31 to complete the sale, when the Blues’ temporary government license expires, but Todd Boehly’s consortium are said to be ready to complete the £4.25billion purchase within that timeframe.
Chelsea host Watford to end their Premier League season on May 22 and there is now a chance that US tycoon Boehly will be stamped as the Blues’ new owner in time for the final game of the season.
Potential new Chelsea owner Boehly was present at Stamford Bridge on Saturday as the Blues slipped to a frustrating 2-2 Premier League draw with Wolves.
Giving up a winning position left boss Thomas Tuchel frustrated as more points were lost while Boehly was pictured head in hands full-time.
However, Conor Coady’s late equalizer failed to completely quell relief at the ongoing sale of Chelsea as Boehly was ready to take the club from Stamford Bridge out of the hands of Roman Abramovich.
The Premier League will carry out the ownership and directorship tests on Boehly’s consortium after Chelsea confirm Eldridge Industries’ chief executive officer’s purchase agreement to buy the club.
Chelsea confirmed the sale of the co-owners of the Los Angeles Dodgers in the early hours of Saturday morning and all that now stands between Boehly’s ownership of the west Londoners is Premier League and government approval.
Premier League bosses are understood to have done some general background work on Chelsea’s last three bidders to speed up the owners and directors testing process.
Confirmation that the Boehly consortium has reached an agreement allows the English top-flight bosses to fully move forward with these trials.
Chelsea’s May 31 deadline to complete the most lucrative sports club sale in history comes following UK government sanctions on current owner Abramovich.
The Blues are forced to operate under the strict terms of a temporary Downing Street license that expires at the end of the month.
Boehly is leading a consortium in which Clearlake Capital will take a majority stake, which also includes his Dodgers co-owner Mark Walter and Swiss billionaire Hansjorg Wyss.
Abramovich was sanctioned by the government on March 10, with Downing Street claiming to have proved his ties to Vladimir Putin amid Russia’s continued invasion of Ukraine.
The Russian-Israeli billionaire put Chelsea up for sale on March 2 but sanctions have forced an accelerated sale as a deal of this size and magnitude was pushed through in an impressive timeframe.
Chelsea’s new owners are hoping to meet with men’s and women’s team managers Tuchel and Emma Hayes after the deal took a significant step forward.
However, until the sale is finalized Chelsea remain under sanctions, leaving Tuchel to urge his players to ignore the bigger picture as the Blues pursue a third-place finish in the Premier League.
Chelsea are without a win in three games and meet Leeds at Elland Road on Wednesday in a quick bounce back.
“I don’t think ownership is a reason for a lack of concentration,” said Tuchel.
“We showed at the beginning of the situation that we can still concentrate. I wouldn’t see this as an advantage for Leeds as it doesn’t change much for us as the sanctions aren’t lifted.
“We have our own things to solve and to do better.”
Romelu Lukaku’s first Premier League goals of 2022 gave Chelsea a 2-0 lead midway through the second half, only for a late slip that allowed Wolves to steal a tie.
Francisco Trincao struck a fine strike from 18 yards before captain Coady buried an injury-time header to stun the hosts.
Manager Bruno Lage, who missed the trip due to coronavirus, spoke to his Wolves players via Zoom ahead of the game and at half-time, with manager Tony Roberts delighted with the Molineux men’s comeback.
“Bruno watched at the training ground, so he made the decisions,” Roberts said.
“We had a Zoom meeting this morning to explain the game plan and then he just sorted out a few things at half-time. And we have the result.”
https://www.independent.ie/sport/soccer/todd-boehlys-purchase-of-chelsea-on-course-to-be-completed-before-end-of-season-41627489.html Todd Boehly’s Chelsea deal is set to be completed before the end of the season