Chelsea vs Wolves LIVE: Premier League result, final score and reaction as Coady snatches late equaliser
Chelsea 2-2 Wolves: Follow reaction as the Stamford Bridge club changes hands and Thomas Tuchel’s side draw with Wolves in the Premier League
Chelsea FC are on the verge of a sale, with the club confirming in the early hours of Saturday that a deal had been struck with LA Dodgers co-owner Todd Boehly.
Since Roman Abramovich put the Blues on the market in March there have been dozens of reports, interested parties and bids, with the Boehly bid - which also includes Hansjorg Wyss and Clearlake Capital - ultimately set to complete a deal worth £4.25bn in total. That constitutes £2.5bn to buy the shares of the club, along with a further £1.75bn committed to future spending in several areas including the women’s team, the academy and club infrastructure.
Details are still emerging over the full implications of the bid but a 10-year block on the sale of shares indicates this will be a long-term purchase, while the deal could go through around the end of the current Premier League season.
Conor Coady then struck deep into time added on to snatch a 2-2 draw for Wolves away at Chelsea in the Premier League on Saturday, heading home a cross from substitute Chiquinho in almost the last action of the game.
Wolves had trailed for much of the game after Chelsea’s out-of-form striker Romelu Lukaku scored twice in two second-half minutes before Francisco Trincao pulled one back and Coady claimed a point.
Follow all the news and reaction to the Chelsea sale, plus Chelsea vs Wolves below:
Chelsea confirm Todd Boehly consortium has signed £4.25bn agreement to buy club
Chelsea have confirmed Todd Boehly’s consortium has agreed terms to buy the Stamford Bridge club from Roman Abramovich in a £4.25billion deal.
Los Angeles Dodgers co-owner Boehly has won the race to buy the Blues amid the most public major sports franchise takeover in history.
Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss must now wait for Premier League and UK Government approval before rubber-stamping the takeover.
“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss, to acquire the club,” a Chelsea statement read.
“Of the total investment being made, £2.5billion 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 per cent 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 £1.75billion in further investment for the benefit of the club.”
For the full report on the club statement, see here:
Chelsea confirm Todd Boehly consortium sign £4.25bn agreement to buy club
The Los Angeles Dodgers co-owner has won the race to buy the Blues amid the most public major sports franchise takeover in history.
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