Chelsea Football Club has confirmed that the £4.25bn Todd Boehly-led takeover will be completed today, Monday.
Investors King recalls that the English Premier League approved the official takeover of Chelsea Football Club at the rate of $5.33bn. The sale will put an end to Roman Abramovich’s almost 20-year tenure as the owner of the London club.
A statement from the club on Saturday said: “Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium. “It is expected that the transaction will be completed on Monday. The club will update further at that time.”
After Chelsea was put up for sale on 2 March, the Boehly-led bid secured a £4.25bn deal following a two-month-long process, largely financed by US private equity firm Clearlake Capital.
This is coming after the Roman Abramovich said in a farewell statement on the Chelsea website that “It has been an honour of a lifetime to be a part of this club – I would like to thank all the club’s past and current players, staff, and of course fans for these incredible years.
“My goal has been to ensure that the next owner has a mindset that will enable success for the men’s and women’s team, as well as the will and drive to continue developing other key aspects of the club, such as the academy and the vital work of Chelsea Foundation.”
He added that he is pleased that the search has now come to a successful conclusion. “As I hand over Chelsea to its new custodians, I would like to wish them the best of success, both on and off the pitch,” the Russian billionaire said.
The United Kingdom government said in a statement that it had “reached a position where it could issue a licence that permits the sale” of the club.
Culture Secretary, Nadine Dorries said, “We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals.”
Meanwhile, a media outfit had reported that the terms of the takeover would prevent Mr. Boehly and his fellow investors from paying dividends or taking management fees for a decade.
Also, the new owners will be prohibited from selling any shares in the club for 10 years, as well as agreeing to strict limits on the level of debt that they can take on. C
South Africa Clinches Africa Cup of Nations Bronze in Penalty Drama Against DR Congo
In a riveting encounter at the Africa Cup of Nations (AFCON) third-place playoff, South Africa emerged victorious against the Democratic Republic of Congo (DR Congo) in a nail-biting penalty shootout to secure the bronze medal in the prestigious tournament.
The match, which ended in a goalless draw after regulation time, saw South African goalkeeper Ronwen Williams once again emerge as the hero, making crucial saves during the penalty shootout to propel his team to victory.
The DR Congo team displayed commendable resilience throughout the match, creating numerous goal-scoring opportunities and maintaining an attacking threat against the South African defense.
Ultimately, it was South Africa’s Siyanda Xulu who converted the decisive penalty kick, securing the win for Bafana Bafana.
The victory marked South Africa’s perfect record in third-place playoffs, having clinched a similar victory 24 years prior against Tunisia.
The bronze medal victory serves as a testament to South Africa’s resilience and determination in the face of formidable opposition.
As the tournament concludes, the thrilling encounter between South Africa and DR Congo will be remembered as a highlight of the 2024 AFCON edition, showcasing the passion and skill of African football on a grand stage.
Anthony Joshua to Face Francis Ngannou on 8th of March 2024 in Saudi Arabia
Anthony Joshua is set to step into the boxing ring once again, this time facing former UFC heavyweight champion Francis Ngannou on March 8, 2024, in the Kingdom of Saudi Arabia.
This showdown follows Joshua’s triumphant return against Otto Wallin in December, marking his journey back into the elite heavyweight boxing scene.
Ngannou, the former UFC heavyweight champion, made headlines by knocking down Tyson Fury, the current WBC heavyweight champion, in Riyadh, Saudi Arabia, last October.
Although Ngannou lost that bout on a split decision, his resilience has earned him recognition, currently holding the 10th rank in the WBC’s heavyweight fighters and considered by many boxing enthusiasts as a true champion.
As anticipation builds for this clash of titans, fans and pundits alike are eager to witness how Anthony Joshua will fare against the powerful Cameroonian.
The match is expected to draw global attention, adding another chapter to the dynamic narratives of these two heavyweight fighters.
The venue, Saudi Arabia, continues to establish itself as a significant hub for marquee sporting events, and this bout is poised to contribute to the kingdom’s growing reputation in hosting high-profile international competitions.
DStv Dilemma: Multichoice Fails to Secure Broadcast Rights for AFCON 2023
Multichoice, the parent company of DStv, has announced that its SuperSport channels will not be broadcasting the highly anticipated African Cup of Nations (AFCON) 2023 tournament.
The satellite giant revealed that it failed to secure the rights necessary to air the continent’s most significant football event.
The announcement, made on Wednesday, has left football enthusiasts and DStv subscribers disappointed as SuperSport channels have been a traditional hub for live sports coverage, including major football tournaments.
The upcoming AFCON, scheduled to kick off on January 13th and run through February 11th, 2024, will now be absent from the Multichoice platform.
“SuperSport Channel will not broadcast the Africa Cup of Nations (AFCON) 2023 scheduled for January 13th – February 11th, 2024, because the channel has not secured the rights to broadcast the tournament,” stated the official release from Multichoice.
Despite this setback, Multichoice reassured its audience that AFCON 2023 matches would still be accessible through partner broadcast stations on Free to Air (FTA) channels.
The company emphasized its commitment to providing unrivaled access to entertainment and football games across its platforms, including the Premier League, LaLiga, Serie A, Zambian Super League, and other prestigious football competitions.
The 34th edition of AFCON is set to take place in Ivory Coast, commencing on January 13th. Football enthusiasts were eagerly anticipating the tournament, which will feature powerhouse teams, including Nigeria, facing off against the hosts, Ivory Coast, Guinea-Bissau, and Equatorial Guinea in Group A.
As Multichoice Africa faces criticism for the unexpected exclusion of AFCON 2023 from its SuperSport channels, football fans are now seeking alternative avenues to catch the action and experience the excitement of one of Africa’s most celebrated football tournaments.
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