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U.S. investor completes $5.4bn Chelsea FC takeover

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Chelsea Football Club is under new ownership, with U.S. billionaire Todd Boehly and Clearlake Capital behind the $5.4bn takeover

Signed, sealed, delivered. The Todd Boehly and Clearlake Capital consortium have been chosen as the preferred bidder, after a lengthy sale process.

The Chelsea Football Club believes “the Board and the Boehly/Clearlake group have a shared vision for the future of Chelsea Football Club.”

Todd Boehly

The club announced the news after months of doubts and legal uncertainty because of Russian sanctions rules.

Former owner Roman Abramovich has now completed the sale and ended his 19-year reign of the company.

The west moved to sanction Russia and its people, including oligarchs living abroad, amid the war in Ukraine. 

Abramovich was then sanctioned by the UK Government, meaning the club operated within the constraints of the General Licence, until a new owner was found.

Roman Abramovich. Photo credit: The Sun

The sanctions also presented unique and unforeseen challenges to the sale process, and the selection was extremely thorough, with the club sifting through 250 bids.

In order to complete the transaction, the club needed approvals from all stakeholders and the U.K. Government. 

The money from the purchase will eventually go to a humanitarian charity to help the victims after Russia’s invasion of Ukraine.

Abramovich will not benefit from the sale, despite pouring millions of his own wealth into the club. 

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Ticker News is now live on XumoTV and Xfinity across the U.S.

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Ticker News is now available on Xumo TV and Xfinity, bringing new era of accessibility

Ticker is thrilled to announce a major milestone for Ticker News: we are now available for streaming across the United States on Comcast’s major platforms, Xumo TV and Xfinity.

The development places Ticker News in the company of industry giants like CNN, Fox News, and MSNBC, marking a significant leap forward in our mission to deliver quality news to a wider audience.

With a combined reach of 50 million active users per month, Xumo TV and Xfinity offer an opportunity for Ticker News to expand viewership.

The achievement is particularly special with Ticker’s fifth anniversary on air on August 19.

“Getting Ticker News on these platforms was no small feat,” says Ticker Founder and CEO Ahron Young.

“It took nearly two years of intense negotiations and overcoming various technical challenges. But the journey underscores the resilience and determination of our team, proving that persistence pays off. We are immensely proud of what we have accomplished together,” Ahron says.

Being available on Xumo TV and Xfinity significantly enhances our already robust distribution network.

These platforms provide Ticker with the ability to reach millions of new viewers, further solidifying our presence in the competitive news landscape.

“Our commitment to expanding our reach and improving accessibility remains stronger than ever,” says TIcker’s Global Marketing Director, Kane Ricca.

Looking Ahead

As Ticker celebrates this exciting moment, the media company remains focused on its mission to provide accurate, timely, and engaging news to our audience.

“We are grateful for the ongoing support of our hosts, staff, investors, and viewers. Every moment counts at Ticker, and together, we are building something truly special,” says Ahron.

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‘Frank and constructive’ meeting between Harris and Netanyahu

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Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu to discuss the humanitarian crisis in Gaza and a cease-fire agreement.

Vice President Kamala Harris highlighted the nature of the discussion describing it as a “frank and constructive”meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

Harris expressed her concerns about the humanitarian situation in Gaza.

She stressed the need to finalise a cease-fire deal.
Harris described the past nine months in Gaza as devastating.
She urged that the tragedies in Gaza should not be ignored. #trending

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‘Left wing lunatic’: Trump tears into Kamala Harris in major rally

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Donald Trump is ramping up his attacks on Kamala Harris – his new opponent in the November election. But will it be enough to stop her?