Todd Boehly complete £4.25bn Chelsea takeover

todd boehly complete £4.25bn chelsea takeover
todd boehly complete £4.25bn chelsea takeover

Chelsea have completed the completion of their £4.25 billion sale to a consortium led by American businessman Todd Boehly.

The Blues’ previous owner, Roman Abramovich, put the club up for sale in March, and after months of discussions, the club has changed hands.

With the acquisition officially complete, the co-owner of the Los Angeles Dodgers outlined his lofty goals for the West London club and pledged long-term investment.

Boehly stated in a statement confirming the agreement: “It is an honour to become the next stewards of Chelsea. Every minute of every game, we’re all 100 percent invested.

“As owners, our goal is quite clear: to make the supporters proud. In addition to our dedication to strengthening the young squad and obtaining the greatest talent, our objective is to invest in the club for the long-term and build upon Chelsea’s extraordinary history of success.

I’d want to thank ministers and officials in the British government as well as the Premier League for their efforts in making this possible.

The takeover ends months of uncertainty at Stamford Bridge after the UK government seized the assets of previous owner Abramovich.

It concludes the Russian businessman’s 19-year ownership of the club as West London prepares for a new era.

It is anticipated that the funds from the sale will be locked in a bank account and used to benefit humanitarian projects in Ukraine.

You May Also Like