Sunday September 24, 2023
The Best Employers in Sports Survey is Now Open!

Chelsea FC Sale In Turmoil As Deadline Looms

Chelsea FC
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Copy Link
Link Copied
Link Copied

Chelsea FC’s temporary license to operate expires at the end of the month, and its $5.2 billion sale to a consortium led by U.S. billionaire Todd Boehly might be hitting a roadblock.

Bloomberg reported Monday that outgoing owner Roman Abramovich has had disagreements with the U.K. government — which has to approve the sale — over treatment of a roughly $1.9 billion loan Chelsea’s parent company Fordstam Ltd owes to Camberley International Investments, a Jersey-based company that reportedly has links to Abramovich.

The discord is reportedly delaying the sale’s completion.

Abramovich, who purchased the team for $233 million in 2003, has agreed to waive the debt and contribute it to a charitable foundation. A spokesperson for Abramovich previously denied claims he wanted it to be repaid.

  • Abramovich was sanctioned earlier this year for his ties to Vladimir Putin.
  • The Russian oligarch has a say in the sale’s fine print despite not being able to profit from it. 

But Sky News reported that Abramovich has not provided assurances that the money will go to charity, adding that he is refusing to accept a new sale structure proposed by ministers. 

Abramovich Not Concerned 

If Boehly’s purchase isn’t finalized by May 31 or the operating license isn’t renewed, the team risks not being able to play next season.

Sports Illustrated reported on Tuesday that the sale is still “on course” to be completed by that time, and a source close to Abramovich told PA Sport they are “not concerned about the situation.”

Copy Link
Link Copied
Link Copied

What to Read


NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.

Chelsea Gets $500M For Stadium Projects, Club Acquisitions

The Premier League club is receiving crucial new investment.

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.

Saudi Pro League Has Long Way To Go Despite Spending Spree

The league's revenue still trails far behind its European counterparts.
podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever


Featured Today

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.
September 22, 2023

Warriors Stake Reportedly Up For Sale at $7B Valuation

A 10% stake in the franchise could cost $700 million.
September 22, 2023

Jaguars Threaten Move Without $1B From Jacksonville Taxpayers

The Jagaurs are hoping to renovate TIAA Bank Field for $2 billion.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire
PFL Bellator
September 1, 2023

Professional Fighters League in Discussions to Acquire Bellator

The Professional Fighters League is seeking to purchase Bellator MMA.
CAA logo on side on building
August 31, 2023

French Billionaire Nears $7B Deal For Talent Agency CAA

Pinault showing confidence in agency business despite existential challenges
August 24, 2023

Everton Woes Continue After $190M Deal with MSP Sports Capital Collapses

Last-place Premier League club faces range of troubling issues