Chelsea sale: Boston Celtics owner Stephen Pagliuca is latest suitor with fans now able to buy certain match tickets | Football News

The UK government has made amendments to Chelsea’s operating license, meaning fans are now able to buy tickets to certain matches and the club have access to a £ 30m fund via their parent company.

Section 10.3 of Chelsea’s amended operating license says: “Under this license, subject to the conditions below, the Parent may pay the Club up to £ 30,000,000.00 in respect of cashflow or liquidity issues faced by the Club.”

The Parent is Fordstam Ltd which is owned by Roman Abramovich, who was sanctioned by the UK government on March 10. Chelsea FC PLC is supported financially by Fordstam.

In another change to the license, Chelsea fans can now buy tickets to away matches, cup games and women’s fixtures

It means fans will be able to purchase tickets for Chelsea’s FA Cup semi-final against Crystal Palace at Wembley on the weekend of April 16 and 17.

However, tickets for home Premier League games are still subject to restrictions. Only season-ticket holders and those who purchased tickets before the UK government sanctioned owner Abramovich will be able to attend.

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Roman Abramovich was recently sanctioned by the UK government after the invasion of Ukraine

Visiting fans will be able to purchase tickets for Chelsea’s remaining Premier League home fixtures, with all revenue going to the Premier League.

Sports Minister Nigel Huddleston said: “The Government has today made alterations to the license to Chelsea Football Club so that fans will be able to access tickets to away matches, cup games and women’s fixtures.

“I would like to thank fans for their patience while we have engaged with the football authorities to make this possible.

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The UK government has announced Chelsea fans can now buy tickets for the club’s away matches, cup games and women’s fixtures

“Since Roman Abramovich was added to the UK’s sanctions list for his links to Vladimir Putin we have worked extensively to ensure the club can continue to play football while ensuring the sanctions regime continues to be enforced.”

The Premier League later said any additional revenue they receive from Chelsea ticket sales will be donated to charities helping Ukrainian refugees.

A spokesperson said: “Chelsea FC have requested and the Premier League agreed that this revenue will be donated to charity to benefit victims of the war in Ukraine. The beneficiary charities will be announced in due course after consultation with the club.”

The changes mean that Chelsea fans will be able to purchase tickets to future Premier League away fixtures, with any revenue given to the host team.

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Financial Times corporate finance and deals editor Arash Massoudi reveals why it is taking so long for Chelsea to come up with a shortlist of bidders

For future FA Cup and Champions League matches, fans will be able to purchase tickets but again, revenue will go through the Premier League to the relevant competition organizer or home club rather than Chelsea in order to remain compliant with current sanctions.

In the case of Women’s Super League fixtures, an exception will be made to allow fans to purchase home as well as away tickets as these games have not yet gone on general sale, and there is a risk of empty stands for these matches.

Future Chelsea Women’s FA Cup tickets will be sold in the same manner as men’s FA Cup tickets, with revenue being passed to the competition organizer.

Race to buy Chelsea: Boston Celtics owner Pagliuca emerges as latest suitor

A joint-owner of the Boston Celtics and Serie A side Atalanta has emerged as one of the parties who have tabled offers to buy Chelsea.

Sky News has learned that Stephen Pagliuca, a prominent private equity executive who co-chairs Bain Capital, submitted a bid for the Premier League club ahead of the deadline late last week.

It was unclear on Thursday who Pagliuca’s partners in his bid for Chelsea are.

With wealth estimated in the hundreds of millions – rather than billions – of dollars, sports industry insiders said it was unlikely he had bid for Chelsea alone.

If Pagliuca does not make it to a shortlist of bidders expected to be selected by Raine Group, the merchant bank handling the sale, he could seek to team up with one of the remaining consortia.

Saudi bid out of running

One bid that appears to be out of the running is the Saudi Media Group, who have been told they have not made the shortlist, according to the PA News agency.

Chelsea fan Mohamed Al Khereiji fronted the Saudi consortium bid, but concerns over possible delays with the Premier League and the UK Government will have factored into Raine’s decision not to progress their offer.

Saudi Media insisted their offer was completely separate from the Saudi Arabia state, but the long-running issues around the Saudi takeover at Newcastle will have played a part in Raine’s consideration of the offer to buy Chelsea.

Never clear how Saudi Media Group would have funded Chelsea bid

Kaveh Solhekol, Sky Sports’ Chief News Reporter:

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Sky Sports chief reporter Kaveh Solhekol explains that the Saudi Media group have been told that they are out of the running to purchase Chelsea.

“What is happening at the moment is the Raine Group, who are handling the sale of Chelsea, are getting in touch with some of the bidders to let them know if they have been successful, or unsuccessful into making in on the shortlist.

“And they are first of all contacting those bidders who have been unsuccessful. Now as far as the Saudi Media Group are concerned, we have never reported officially that they have made a bid for Chelsea, that was not something we were able to confirm, lots of other media outlets also never reported that the Saudi Media Group had made an offer for Chelsea.

‘One of the issues is the Saudi Media Group’s turnover is something like £ 700-800m a year, so it is not very clear how they would have the money to buy a club like Chelsea.

“But, as it is, the Press Association are reporting that they are not on the shortlist. “

Chelsea’s fixture schedule:

Chelsea and Crystal Palace will meet in the FA Cup semi-final at Wembley next month
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Chelsea and Crystal Palace will meet in the FA Cup semi-final at Wembley next month

To be rearranged: Leicester (H) Premier League

To be rearranged: Leeds Premier League, live on Sky Sports

March 19 – Middlesbrough (a) FA Cup QF

April 2 – Brentford (H) Premier League

April 6 – Real Madrid (H) Champions League QF first leg

April 9 – Southampton (a) Premier League

April 12 – Real Madrid (a) Champions League QF second leg

April 16/17 – Crystal Palace (Wembley), FA Cup semi-final

April 20 – Arsenal (H) Premier League, live on Sky Sports

April 24 – West Ham (H) Premier League, live on Sky Sports

April 26/27 – Man City / Atletico Champions League SF first leg *

May 1 – Everton (a) Premier League, live on Sky Sports

May 3/4 – Man City / Atletico Champions League SF second leg *

May 7 – Wolves (H) Premier League

May 14 – FA Cup final *

May 15 – Man United (a) Premier League

May 22 – Watford (H) Premier League

May 28 – Champions League final *

* Subject to progress

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