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HomeReviewsPremier League demanded extra assurances Chelsea are not owned by Saudi Arabia

Premier League demanded extra assurances Chelsea are not owned by Saudi Arabia

The Premier League sought written assurances that Saudi Arabia’s Public Funding Fund (PIF) was not a part of Todd Boehly and Clearlake Capital’s takeover of Chelsea, Telegraph Sport understands.

Investigations into the dominion’s potential monetary curiosity within the membership, whereas additionally proudly owning Newcastle United, had been explored throughout administrators and homeowners assessments after Roman Abramovich bought the membership in Could 2022.

Nevertheless, regardless of rival golf equipment privately expressing concern over the Saudi Professional League’s sudden curiosity in a number of Chelsea gamers, England’s prime tier is known to be solely happy there aren’t any battle of curiosity points.

Telegraph Sport has confirmed by way of a number of sources that PIF had funding in Clearlake, and this was interrogated extensively throughout new membership possession assessments final 12 months. Detailed data was offered to the Premier League, at its request, to “totally proof” the membership’s proposed possession construction, one insider stated.

Clearlake and Boehly then confirmed that PIF shaped “no half” of the possession construction and additional reassurances had been offered to the league that PIF “wouldn’t, and couldn’t”, be an investor sooner or later.

Gary Neville has been amongst figures within the recreation to name for Saudi’s huge spending this summer season to face scrutiny, whereas one prime membership says groups are utilizing the Saudi Professional League as a “get out of FFP jail free card” whereas the state embarks on its £500 million participant spree.

Authorities, nonetheless, are usually not alarmed by the league, which has already signed Karim Benzema this summer season, now turning its consideration to Premier League targets.

Telegraph Sport understands the competitors, underwritten by Saudi’s Public Funding Fund, has been in London this week to clinch a number of offers within the wake of securing N’Golo Kante, whose contract at Stamford Bridge expires on the finish of June.

It’s thought Chelsea alone had been initially introduced with a proposal for 5 gamers amounting to greater than £100 million – though one in all them, Romelu Lukaku, has since rejected a suggestion. Negotiations are at numerous completely different levels for Hakim Ziyech, Kalidou Koulibaly, Edouard Mendy and Pierre-Emerick Aubameyang.

The Premier League handbook already has a Honest Worth Evaluation Protocol that have to be adopted by golf equipment and Chelsea sources declare curiosity of their gamers is solely transactional and right down to the membership’s reputation within the Center East. The membership additionally denies that PIF has any current monetary curiosity within the membership, regardless of Clearlake, which owns about 60 p.c of Chelsea, having prior minority funding from PIF.

Todd Boehly and Jonathan Goldstein, two main figures within the membership’s possession construction, have been linked with separate enterprise ventures with the large wealth fund as lately as final summer season.

Actual property agency Cain Worldwide, which lists Goldstein as CEO and Boehly as board member,  launched a joint venture with PIF in August in a $900million funding in luxurious resort group Aman.




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