Chelsea officials have announced that they have reached an agreement with the Burley Consortium on the terms of the acquisition of the club Of the total investment made by the Burley consortium, £ 2.5 billion will be used to buy shares in the club. These funds will be deposited into a frozen British bank account and all will be donated to charities approved by Abramovich, but the transfer of funds from this account requires the approval of the British government.
In addition, the new owner has committed to further investment of £ 1.75 billion in Chelsea club, including investment in Stamford Bridge Stadium, youth academy, women's team construction and kingsmeado stadium, as well as continued funding to the Chelsea foundation.
The deal is expected to be completed by the end of May, subject to all necessary regulatory approvals.
