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Daily Breeze
Daily Breeze

(310) 540-5511

21250 Hawthorne Blvd 170
Torrance, CA 90503   Directions



(818) 655-2000

4200 Radford Ave
Los Angeles, CA 91604   Directions



(818) 684-4444

100 Universal City Plaza
Universal City, CA 91608   Directions


Sale of Chelsea to Dodgers Part-Owner Approved by UK Government
05/25/2022 12:52am

Roman Abramovichs 19-year ownership of Chelsea is ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.The government had to be sure that Abramovich, who was sanctioned over his links to Russian President Vladimir Putin after the invasion of Ukraine, did not profit from the enforced sale of the club that his investment turned into one of the most successful in European football.The reigning FIFA Club World Cup winners and 2021 European champions will be sold for 2.5 billion pounds $3.1 billion the highest price ever for a sports team with Premier League approval already granted on Tuesday.Chelsea has been operating under a government license since Abramovichs assets were frozen in March and it expires on May 31. Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured under a new owner, British Culture Secretary Nadine Dorries said. We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals.More Roman Abramovich CoverageBusinessApr 14UK Freezes Record $13 Billion in Assets Linked to Abramovich AssociatesRussia-Ukraine WarMar 20Oligarch Roman Abramovich&039s $50 Million Colorado Mansion Could Become a Sanctions TargetThere were weeks of discussions between officials from Chelsea and the government over securing the guarantee Abramovich could not gain financially. The sale proceeds will initially go into a frozen account before going to charity.We will now begin the process of ensuring the proceeds of the sale are used for humanitarian causes in Ukraine, supporting victims of the war, the British government said in a statement. The steps today will secure the future of this important cultural asset and protect fans and the wider football community.Delays approving the sale centered on the fate of 1.6 billion pounds $2 billion loaned to Chelsea by Abramovich since 2003 that provided the funding to build a mens squad that won 21 trophies during his ownership. Government assurances were needed from Abramovich, who has not condemned Russias war in Ukraine, about writing off the debt that was linked to companies he controlled. Boehly has already started attending Chelsea games in recent weeks since the club approved the sale to the consortium that also features Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss, and funding from private equity firm Clearlake Capital.It was a hotly-contested sale process, with four groups in the final running, before Boehlys group was chosen on May 7 after guaranteeing 1.75 billion pounds $2.2 billion of investment in the team.Chelsea fans have become accustomed to lavish spending under Abramovich, with more than $1 billion net spending on players.Chelseas ability to sell match tickets and commit to new player spending has been curbed by the sanctions but now the new ownership is set to provide investment to manager Thomas Tuchel to strengthen the squad.The certainty is that Chelsea will be playing in the Champions League next season after finishing third in the Premier League last Sunday despite the off-field turmoil. The womens team won a league and cup double with a squad funded by Abramovichs investment.Chelsea had won the mens championship only once in 1955 when Abramovich bought the club in 2003. Helped by expensive signings, the club won the Premier League two years later and has added four more since then, most recently in 2017.Investment is needed in Stamford Bridge. Chelsea has the smallest and most dated stadium of the Premier Leagues most successful clubs, with plans for a rebuild of the 41,000-capacity venue put on hold by Abramovich in 2018 when British-Russian diplomatic tensions deepened.The $3.1 billion cost of Chelsea eclipses the $2.3 billion paid in 2018 for the NFLs Carolina Panthers.As well as being part owner of the MLBs Dodgers, Boehly also has minority stakes in the NBAs Los Angeles Lakers and WNBAs Los Angeles Sparks.

WATCH: Flames' Rasmus Andersson Scores Improbable Short-Handed Goal Vs. Oilers
05/24/2022 9:40pm

Scoring a short-handed goal is rare. Scoring on a shot from your own zone is nearly impossible. Calgary Flames defenseman Rasmus Andersson checked both of those boxes on one play on Tuesday night.With his team trailing the rival Edmonton Oilers 3-2 and the power-play nearing its conclusion, Andersson fired a shot across the ice and, well, you have to see what happened next:Oilers goaltender Mike Smith appeared to lose sight of the puck when it was in the air, which allowed the costly goal score. The score was suddenly knotted at three apiece with just over nine minutes remaining and Edmontons Rogers Place crowd was stunned.The goal, while remarkable, didnt propel Calgary to victory. Edmontons Ryan Nugent-Hopkins scored the go-ahead goal with 3:27 remaining in the third period, and Evander Kane added an empty-netter in the final seconds to seal the win.With another victory, the Oilers now lead the series 3-1 in the Battle of Alberta. They have won three straight games in the series after allowing nine goals in Game 1.Edmonton has a chance to clinch a spot in the Western Conference final as the series shifts to Calgary on Thursday night.This story uses functionality that may not work in our app. Click here to open the story in your web browser.


(310) 584-2000

1999 S Bundy Dr
Los Angeles, CA 90025   Directions


Los Angeles Daily News
Los Angeles Daily News

(818) 713-3000

21860 Burbank Blvd
Woodland Hills, CA 91367   Directions


Los Angeles Times
Los Angeles Times

(213) 237-5000

202 W 1st St
Los Angeles, CA 90012   Directions


Terry Stotts, Darvin Ham, Kenny Atkinson: What to know about Lakers coaching candidates
05/25/2022 6:30am

The Lakers are holding another round of interviews with three candidates for coach. What fans should know about the candidates moving forward.

How Super Bowl champ Brad Johnson became TikTok trick shot artist BigBadBrad14
05/25/2022 6:00am

Brad Johnson, who 20 years ago guided the Tampa Bay Buccaneers to their first Super Bowl win, posts trick shot videos on TikTok as BigBadBrad14.

Anaheim City Council votes unanimously to halt the sale of Angel Stadium
05/25/2022 1:24am

The Anaheim City Council halts the sale of Angel Stadium and surrounding property on the same day mayor Henry Sidhu resigned amid a scandal.

Noah Syndergaard bounces back with dominant performance in Angels' win over Rangers
05/25/2022 12:03am

Noah Syndergaard gave up one run and four hits in eight innings, striking out five in the Angels 5-3 win over the Texas Rangers on Tuesday at Angel Stadium.

Mookie Betts becomes NL leader in homers in Dodgers' 9-4 win over Nationals
05/24/2022 11:32pm

Mookie Betts is now the National League leader in homers as he hit two in the Dodgers 9-4 win over the Nationals on Tuesday in Washington.

Press-Telegram (Long Beach)
Press-Telegram (Long Beach)

(562) 435-1161

727 Pine Ave
Long Beach, CA 90844   Directions


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