Chelsea owner Todd Boehly vows to be successful after taking possession

Todd Boehly has vowed to build on Chelsea’s “extraordinary success story” after the US consortium completed its takeover of the club for £ 4.25bn on Monday.

A new era at Stamford Bridge is underway after Roman Abramovich accepted the UK government’s terms of sale. Chelsea described the deal as unprecedented in speed, saying the deal would normally take nine months and revealed that they had received more than 250 inquiries after Abramovich put the club up for sale in March.

The lawsuit was eventually won by a consortium led by Boehly, co-owner of the LA Dodgers, and US investment firm Clearlake Capital. The group includes Swiss billionaire Hansjörg Wyss, British real estate developer Jonathan Goldstein and Mark Walter, owner of the Boehly Dodgers. Marina Granovskaia, who runs Chelsea’s transfer business, and Bruce Buck, the president, are expected to remain.

“We are honored to become the new custodians of Chelsea Football Club,” Boehly said. “We are all 100% in every minute of every game. Our vision as owners is clear: we want the fans to be proud. Along with our commitment to developing the youth team and acquiring the best talent, our plan is to “The goal is to invest in the club in the long run and build on Chelsea’s remarkable success story. Personally, I want to thank the ministers and officials of the British government and the Premier League for all their work in making this happen.”

The deal was signed a day before Chelsea’s operating license expired. Sports Minister Nigel Huddleston confirmed that the club would no longer be affected by the sanctions imposed on Abramovich after Russia’s invasion of Ukraine.

The Russian oligarch has accepted the government’s demand that the initial 2.5 billion pounds of the sale be placed in a guarantee account, where it will remain until it is clear that the funds will go to a charity for the victims. of the war in Ukraine. The 55-year-old also agreed not to apply for his £ 1.6bn loan to Chelsea.

Behdad Eghbali and José E. Feliciano, co-founders and managing partners of Clearlake, said: . We would also like to thank the authorities for all the work they have done throughout the process.

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“As pioneers in investing in sports and media, we are pleased to partner with Todd and the rest of the consortium to significantly grow the Club as a global platform. Together, we will expand the Club’s investment in infrastructure, technology and sports science to support Chelsea’s incredible commercial and football teams, all with the aim of leveraging that growth to further fuel success on the pitch. “

Chelsea, who previously could not sign, sell players and deal with new deals, can now enter the transfer market. Its owners are willing to give Thomas Tuchel significant funds to strengthen his team.

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