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Football London
Football London
Sport
Scott Trotter & Louie Chandler

Chelsea sale: Todd Boehly and Clearlake set takeover conditions to avoid Man Utd's Glazer issue

The group led by Todd Boehly and Clearlake Capital could be bound by a number of conditions ahead of a £4billion takeover of the Blues. Sky News report that discussions are underway over clauses that would see the new owners of Chelsea unable to profit by paying dividends or management fees for a decade.

Manchester United has seen controversy over the Glazers benefitting from such actions in the aftermath of their takeover in 2005, despite the debt placed on the Red Devils. Boehly's consortium were deemed the preferred bidder by Raine Group a week ago, and entered a period of exclusivity as a result with the suggestion an agreement could be made as soon as Friday.

It is now said as part of negotiations that Chelsea's advisers would hope to see measures that would prohibit any sale of shares until 2032 and limits on the debt that could be taken on, in addition to those around dividends. All prospective bidders also had to commit to a minimum investment of £1billion in the stadium, academy and women's team.

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