Chelsea supporters will be crossing their fingers in tandem in the hope that Todd Boehly’s acquisition of the club is finalized as soon as possible.
Due to the sanctions imposed on owner Roman Abramovich, the Blues are currently unable to award new contracts or recruit new players, which has resulted in Antonio Rudiger, a soon-to-be free agent, slipping from their clutches. With the transfer window approaching, there are concerns that they may miss out on transfer targets, causing Thomas Tuchel to leave.
The misery of the last few weeks appears to be coming to an end, according to The Telegraph, which claims that Raine, the bank managing the sale, will designate the consortium led by Boehly as the preferred bidders.
Before the 46-year-old American to assume control, he and his fellow investors must pass the Premier League’s Owners’ and Directors’ Test. Goal estimates that the process will take two weeks to finish.
Once enacted, the UK Government will grant Chelsea an operational license, allowing them to operate without restrictions while the proceeds of the sale are either frozen or donated to charity, depending on whether the decision has been made by then.
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As a result, the takeover could be completed before the season’s final game on Sunday, May 22. However, it remains to be seen whether Sir Jim Ratcliffe, Britain’s richest man, will make a late bid to upset the status quo.
At the eleventh hour, Ratcliffe made a massive bid of £4.25 billion. According to the Athletic, it has not been ruled out and has been given considerable attention in comparison to Boehly’s £3.5 billion deal, which is expected to be successful.
As things stand, his group will execute a purchase agreement after a brief exclusivity period, which is expected to last a week.