LONDON: Chelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the Premier League club over the war in Ukraine.
The sale price of 2.5 billion pounds ($3.1 billion) for the reigning FIFA Club World Cup winners and 2021 European champions is the most lucrative-ever for a sports team worldwide but Abramovich cannot receive the proceeds, which he hopes will go to a foundation for the victims of the war. A further 1.75 billion pounds ($2.2 billion) has been committed to invest in Chelsea’s teams and stadiums after two months of rapid negotiations to sell the west London club since Russia invaded Ukraine.
After several rival bids were rejected, Chelsea said Saturday that buyout terms had been agreed with a consortium that features Boehly along with Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss and funding from private equity firm Clearlake Capital.
The Premier League must approve them as the new ownership and the government has to sign off under the terms of the license that allows Chelsea to continue operating as a business through May 31 while being one of Abramovich’s frozen assets.
Abramovich has said he would write off loans of more than 1.5 billion pounds ($1.9 billion) to Chelsea but that has been complicated by the sanctions put in place by the British government as part of a crackdown on wealthy Russians with ties to President Vladimir Putin. Abramovich’s side positioned him as a potential peacemaker but that trail has gone silent publicly in recent weeks and the billionaire has not condemned the war.
Chelsea, whose ability to sell match tickets and commit to new player spending has been hampered by the sanctions, expects the sale to be completed by late May.
“Proceeds will be deposited into a frozen UK bank account with the intention to donate 100 percent to charitable causes as confirmed by Roman Abramovich,” Chelsea said in a statement.
Boehly is already in London and was expected to attend Chelsea’s Premier League match against Wolverhampton at Stamford Bridge on Saturday. Thomas Tuchel’s team is third in the standings with four games remaining. The title is out of reach but Champions League qualification is nearly secured.
Chelsea has the smallest and most dated stadium of the Premier League’s most successful clubs, with plans for a rebuild of the 41,000-capacity venue put on hold by Abramovich in 2018 as British-Russian diplomatic tensions deepened.
Chelsea said the 1.75 billion pounds committed will be in funding investments in Stamford Bridge, the academy and the women’s team, which can win its league title on Sunday.
Boehly is part owner of the Los Angeles Dodgers MLB franchise and he also has minority stakes in the NBA’s Los Angeles Lakers and WNBA’s Los Angeles Sparks.
The challenge will be maintaining the expectation of regular trophies produced under the expensive transformation of Chelsea, with 21 collected in 19 years.
Chelsea had won the league title only once — in 1955 — when Abramovich bought the club in 2003. Helped by expensive signings, the club won the Premier League title two years later and has added four more since then, most recently in 2017.
There is increased competition from wealthy owners to buy and retain players. In England alone, Manchester City has benefited from Abu Dhabi investment since 2008 and Saudi Arabia’s sovereign wealth fund bought Newcastle last year.
No details have been provided about the future day-to-day leadership of Chelsea, which was the first Premier League club to benefit from mega-rich foreign investor in 2003.
Boehly, who studied at the London School of Economics, co-founded the Eldridge Industries investment firm in 2015 and serves as its chairman and CEO. The private holding company has investments in over 70 businesses, including in sports, entertainment and media.
Besides the Los Angeles teams, Boehly has minority ownership stakes in the esports organization Cloud9 and DraftKings, an American fantasy sports wagering company.
He is chairman of Security Benefit, a retirement solutions provider based in Topeka, Kansas, and MRC, an entertainment company that funds and produces film and television programming, including such major shows as the Golden Globes, the American Music Awards and Billboard Music Awards.
MRC’s other holdings include Penske Media, which owns Billboard, Rolling Stone, Variety and the Hollywood Reporter.
Before he co-founded Eldridge, Boehly was president of Guggenheim Partners. Walter, who teamed up with Boehly to buy Chelsea, is CEO of the financial services firm.
Their first chance to see Chelsea win a trophy is next Saturday. Liverpool is the opponent in the FA Cup final at Wembley Stadium.
Chelsea being sold for $3B to LA Dodgers owners, investors
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Chelsea being sold for $3B to LA Dodgers owners, investors
Chasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first-round 68
Chasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first-round 68
- She could join Nancy Lopez (1978) and Annika Sorenstam (2004-05) as the only players to win five consecutive LPGA events
- Defending champion and world No. 2 Lilia Vu withdrew because of a back injury
THE WOODLANDS, Texas: Nelly Korda, who is looking to tie an LPGA Tour record with her fifth straight win, shot a 4-under 68 on Thursday in the opening round of the Chevron Championship, leaving her two shots behind leader Lauren Coughlin in the year’s first major.
Coughlin shot a bogey-free 66 in windy conditions at Carlton Woods, which is hosting the event for the second time.
The top-ranked Korda is seeking her second major after winning the Women’s PGA Championship in 2021. She could join Nancy Lopez (1978) and Annika Sorenstam (2004-05) as the only players to win five consecutive LPGA events.
Korda said she was battling fatigue from recent tournaments at the beginning of her round. She bogeyed her first hole, the par-4 10th.
“I (could) definitely still feel maybe a little bit of tiredness, so it took me a while to get going,” she said. “I felt the nerves definitely at the start of the round. Once I made the turn, I was just playing free golf.”
She made her first birdie on the par-4 14th hole, something she half-jokingly credited to a snack.
“I actually had an apple on 13, and that gave me actually a nice boost,” she said. “I felt a lot better after that. Maybe I should have apples more often.”
The 25-year-old finished with six birdies, including four in the final six holes.
“Two of them were par 5s, so I got to take advantage of that with my length,” she said. “Hit a really good tee shot, and then I was just on the front of the green on 17, and the other one I was just on the fringe, too. I two-putted pretty much for birdie on those. Then I had wedge shots in on the other two, too. Taking advantage of my length and hitting good tee shots.”
Marina Alex and Japan’s Minami Katsu also shot 68. Lydia Ko was one of five players at 69.
The 31-year-old Coughlin, who played in college at Virginia and has never won on the LPGA Tour, made three birdies in a four-hole span from Nos. 2-5. She believes her game has benefited from her recent decision to make husband John Pond her full-time caddie.
“He’s really good at talking through everything when I want to get really fast and make a decision really quickly,” Coughlin said. “He is really good at putting all the work in, all the extra work, all the extra walking ... making sure the strategy is really good and double checking everything. But ... he’s always been really good with how he talks to me and communicates what he thinks I need to do and how I need to do it.”
Defending champion and world No. 2 Lilia Vu withdrew because of a back injury. She issued a statement on Instagram saying she had “severe discomfort” in her back during warmups.
“I have been dealing with a back injury for a while now,” Vu said in the statement. “Some days are better than others, and today was unfortunately not a good day. During my normal warmup routine, I had severe discomfort in my back and I felt that I could not compete up to my standards and made the decision to withdraw from the tournament ahead of my tee time.”
She added that she was returning home to see her doctors and determine the next steps.
Later in the day, last year’s runner-up Angel Yin withdrew because of an injury after shooting 78.
A win by Ko would put her in the LPGA Hall of Fame. She won the Hilton Grand Vacations Tournament of Champions in January for her 20th LPGA title.
The 26-year-old New Zealander admitted that she still gets nervous before tournaments despite all her experience and success.
“It doesn’t matter what event we’re playing or what circumstances, when you’re younger you want to get away from the nerves,” Ko said. “To some extent as long as you can control it the nerves are good for you and you’re able to excel and get the adrenaline to hit some shots that you may not be able to execute when you’re just practicing.”
Defending champion Swiatek sails into Stuttgart quarterfinals
- The top seed will face former US Open champion Emma Raducanu for a place in the semifinals
- Ukraine’s Marta Kostyuk saved five match points at 5-4 in the final set to defeat fifth seed Zheng Qinwen of China, 6-2, 4-6, 7-5
BERLIN: World No. 1 and defending champion Iga Swiatek progressed to the quarterfinals of the WTA Stuttgart clay court tournament by beating Elize Mertens in straight sets on Thursday, her ninth win in nine career matches at the French Open warm-up event.
Swiatek beat the unseeded Belgian 6-3, 6-4 to maintain her bid to capture a third successive title in the German city and be handed the keys to a third luxury car from the sponsors after also winning the tournament in 2022.
“There’s always space for a Porsche. If not, we’ll make it. I’ll build an underground garage,” said Swiatek after playing her first clay-court match since lifting the French Open title last June.
The Pole burst out of the blocks to set up a 5-1 lead in the first set, before going 0-30 down but recovering to serve out the set.
Swiatek was broken early in the second but served her way back into the set, winning with a forehand on her fourth match point after Mertens had saved the previous three.
“This is not an easy tournament. Everyone is really motivated to win that car,” Swiatek added.
The top seed will face former US Open champion Emma Raducanu for a place in the semifinals.
Raducanu, who helped Britain qualify for the Billie Jean King Cup finals last weekend, took down Czech teenager Linda Noskova 6-0, 7-5.
It will be a first quarterfinal appearance for Raducanu in 19 months. She has been plagued by a raft of injuries since her 2021 Grand Slam breakthrough and missed much of last season.
Ukraine’s Marta Kostyuk saved five match points at 5-4 in the final set to defeat fifth seed Zheng Qinwen of China, 6-2, 4-6, 7-5.
World No. 27 Kostyuk will face US Open champion Coco Gauff on Friday for a place in the semifinals.
Elena Rybakina beat Veronika Kudermetova 7-6 (7/3), 1-6, 6-4, continuing her strong form in 2024.
The Kazakh world No. 4, who has already claimed titles at Brisbane and Abu Dhabi this year, beat the Russian in two hours 33 minutes.
“I know I have my weapon, my serve. I know I can always serve it out in tough moments. Not always, but this is a strength,” Rybakina said.
Rybakina will be playing in her seventh quarterfinal of the season on Friday where she will face Jasmine Paolini who put out Ons Jabeur 7-6 (10/8), 6-4.
Wimbledon champion Marketa Vondrousova defeated Anastasia Potapova 7-6 (7/5), 6-1 in her last 16 clash.
Liverpool out of Europa League as Leverkusen advance to semis
LONDON: Liverpool crashed out of the Europa League after a 1-0 win against Atalanta that wasn’t enough to overturn their quarter-final deficit, while Bayer Leverkusen’s 1-1 draw at West Ham took the German champions into the last four on Thursday.
In Jurgen Klopp’s last season as Liverpool boss, the Reds were hoping to give the German a memorable farewell in the final in Dublin.
But Liverpool had suffered a stunning 3-0 loss in the first leg against Atalanta at Anfield last week.
And although Liverpool have authored some of European football’s greatest comebacks down the years against the likes of St. Etienne, AC Milan and Barcelona, there would be no miracle escape this time.
Mohamed Salah converted a seventh minute penalty in the second leg in Bergamo after Trent Alexander-Arnold’s cross hit Matteo Ruggeri’s arm.
However, Klopp’s men couldn’t breach the stubborn Atalanta defense again.
It has been a brutal week for Liverpool, whose Premier League title challenge was damaged by a shock home defeat against Crystal Palace on Sunday.
“It’s mixed emotions. We are out but I’m happy with the game,” Klopp said.
“It was clear we gave ourselves a massive hurdle. We wished we could have gone to Dublin but that hasn’t happened.”
While Klopp contemplates his failure to land the one major trophy to elude him during nine years with Liverpool, Atalanta can dream of winning the second silverware in their 116-year history after the 1963 Coppa Italia.
Bidding to reach their maiden European final, Gian Piero Gasperini’s team will face Marseille in their first European semifinal since the 1988 Cup Winners’ Cup.
Fresh from clinching their first Bundesliga title last weekend, Leverkusen survived a scare from West Ham before advancing 3-1 on aggregate.
In the semifinals, Xabi Alonso’s side will play Roma, who saw off Italian rivals AC Milan 3-1 on aggregate.
Leverkusen won the first leg 2-0 but West Ham made the perfect start in east London when Michail Antonio met Jarrod Bowen’s pin-point cross with a close-range header in the 13th minute.
West Ham eventually ran out of steam and Jeremie Frimpong struck in the 89th minute with a shot that deflected in off Aaron Cresswell.
“The momentum was with West Ham. To be honest, we were not at our best in the first half. I’m happy to go through. In the Europa League you always have tough moments,” Alonso said.
Leverkusen are into their second successive Europa League semifinal, while West Ham’s exit means for only the third time in the 21st century, England will have no teams in the Champions League and Europa League last four.
Leverkusen’s 44-game unbeaten run in all competitions has taken them to the brink of an incredible treble, finally ridding the club of the ‘Neverkusen’ tag that mocked their decades of underachievement.
Alonso’s team, who face second tier Kaiserslautern in the German Cup final on May 25, beat Werder Bremen 5-0 on Sunday to win the Bundesliga title.
At the Stadio Olimpico, Gianluca Mancini put Roma head from close-range in the 12th minute and Paulo Dybala doubled their advantage in the 22nd minute with a blistering strike.
Daniele De Rossi’s side were reduced to 10 men in the 31st minute when Zeki Celik was dismissed for a foul on Milan forward Rafael Leao.
Matteo Gabbia got one back in the 85th minute, but his header was little consolation for Milan.
After losing last season’s Europa League final against Sevilla, Roma are one step closer to finally winning the competition for the first time.
Roma, who won the Europa Conference League in 2022, are into their fifth European semifinal in the last seven seasons.
In the south of France, Marseille were 4-2 winners in a penalty shoot-out against Benfica following the French side’s 1-0 victory in a tie that finished 2-2 on aggregate.
Faris Moumbagna struck in the 79th minute, heading in Pierre-Emerick Aubameyang’s cross to force extra-time.
In the shoot-out, Luis Henrique scored the winner for Jean-Louis Gasset’s side after Benfica duo Angel Di Maria and Antonio Silva missed their kicks.
Mumbai Indians survive Ashutosh Sharma scare to beat Punjab Kings
- Suryakumar Yadav hit an impressive 78 runs off 53 balls to help Mumbai Indians post a solid 192-7
- Sharma hit an explosive 61 runs off 28 balls for the Punjab Kings, but it was not enough to carry the day
MULLANPUR, India: Mumbai Indians managed to fend off a valiant effort by Punjab Kings batsman Ashutosh Sharma to win by nine runs in a fiercely fought IPL thriller on Thursday.
Invited to bat first, Mumbai Indians started off on a decent note. After losing only two wickets in the first 12 overs, Suryakumar Yadav went on to smash an impressive 78 runs off 53 balls to help the team post a solid 192-7.
The second innings began on a disastrous note for the Punjab Kings, with fast bowler Gerald Coetzee and Indian pacer Japsrit Bumrah striking quick to leave them reeling at 14-3 at the end of the second over.
Sharma eventually managed to help rebuild the innings with an explosive 61 runs off 28 balls, aided ably by Shashank Singh (41) and Harpreet Brar (21), but it was ultimately not enough to carry them through the day.
Punjab Kings acting captain Sam Curran said it was “heart-breaking” for his team to take it close and still lose.
“This team loves a close game. Got well to get close, thanks to Ashutosh... Hopefully we can win the close ones and get the momentum,” Curran added.
Mumbai openers Ishan Kishan and Rohit Sharma kicked off the first innings with an 18 run partnership before Kishan, who hit eight runs off eight balls, fell in the third over leaving the team at 18-1.
Sharma, who scored a 25-ball 36, built another partnership with Suryakumar Yadav before falling in the 12th over. Yadav went on to smash 78 runs off 53 balls before being dismissed in the 17th over.
Young Tilak Varma went on to rack up a solid 18-ball 34, with the assistance of cameos from Hardik Pandya (10) and Tim David (14), to help Mumbai wrap up the first innings at 192-7.
The game seemed in the bag in the early portion of the second innings, partly due to sharp bowling by Coetzee and Bumrah, who took three wickets each.
When the glimmer of hope given by Sharma was extinguished, Kagiso Rabada put up a last-ditch attempt with eight runs off three balls but ultimately ended up falling in the last over.
“What a game. We started really well. Cricket’s a funny game. We thought we had it, they battled really well. Then it was like a see-saw,” said Coetzee.
Li and Hend one back of Catlin while Moroccans Lguirati and Raouzi make cut at 2024 Saudi Open
- John Catlin birdied the 18th to remain at the top of the 2024 Saudi Open presented by PIF leaderboard
- Moroccans Ayoub Lgiurati and Othman Raouzi made the cut as Saudi amateur Khalid Walid Attieh missed by one stroke
RIYADH: Li Haotong and Scott Hend made the most of the calm morning conditions to head into the weekend one shot behind pacesetter John Catlin, who leads on 10-under-par after day two of the 2024 Saudi Open presented by PIF.
Catlin birdied the 18th hole as the sun set on a warm day at Riyadh Golf Club to ensure he heads into Friday ahead of Chinese star and DP World Tour member Li, who shot a scintillating 65, and Australian Hend. Steve Lewton’s 64 was the best round of the day and sees him in third place alongside David Puig, who finished his round with a triple bogey on the ninth hole.
Amateur Khalid Walid Attieh looked set to make history as the first Saudi player to make the cut since the tournament was elevated to the Asian Tour, however three bogeys on the back nine saw him miss out by one, with a putt just sliding by at the last.
Moroccan golfers Ayoub Lguirati and Othman Raouzi, who were two of the golfers given special invites to the tournament as part of Golf Saudi’s strategic partnership with the Arab Golf Federation, finished on one-under-par and even par respectively to extend their participation.
Lguirati said: “It was a positive day for me with only one bogey and one birdie. I stuck to my strategy all day and ended with a good result in a tough competition. I am very happy to have made the cut in this tournament and to play over the next two days.
“I usually play on the second tier Asian Development Tour but with the help of the Royal Moroccan Golf Association and Golf Saudi I have been able to reach this level and I continue improving.”
Meanwhile, Li is excited to challenge for the 2024 Saudi Open presented by PIF trophy as he looks to put some recent poor form behind him. Four birdies in five holes on his back nine catapulted him up the leaderboard.
Li said: “I played really well and wasted some chances. The course played a lot easier compared to yesterday, because of no wind and easier pin positions.
“I am still struggling a little bit off the tee, but except for that everything’s pretty solid overall. I am here to try and get the job done and get the trophy! So hopefully I have a hot start tomorrow.”
Li will play alongside Hend and Catlin on Friday, but will be wary of Asian Tour Order of Merit leader Puig in the penultimate group, who won the PIF Moment of the Day for a stunning front nine of 29, which included five birdies and an eagle in his first six holes.
