EPL: Chelsea, Wolves Share Spoils As Blues Announce Sale Of Club For £4.25bn

Romelu Lukaku grabbed his first goals of 2022 for Chelsea Saturday evening but it did not count for much as the Blues were held by Wolverhampton Wanderers to a 2-2 draw at Stamford Bridge.

The outgoing European champions got ahead when Lukaku scored from the spot then added a second before Wolves came from behind through Portuguese forward Francisco Trincao and a late header from Conor Coady.

Chelsea are still third on 67 points and will be just point ahead of Arsenal if the Gunners defeat Leeds United on Sunday.

Chelsea on Saturday morning announced that the club has agreed terms on the £4.25bn ($5.2bn) sale of the club to a consortium led by Todd Boehly, co-owner of the LA Dodgers baseball team.

The club was put up for sale before owner Roman Abramovich was sanctioned for his alleged links to Russian president Vladimir Putin following the invasion of Ukraine.

A Chelsea statement said the new owners will pay £2.5bn for the club’s shares, and the proceeds will go into a frozen bank account to be donated to charity 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 £1.75bn in further investment for the benefit of the Club.

This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

The sale is expected to complete in late May subject to all necessary regulatory approvals.

Official statement from Chelsea said in parts:

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.