The novel ended. After announcing his intention to sell Chelsea FC due to its links with the Russian government and, indirectly, with the intervention in Ukraine, Roman Abramovich finally found a buyer: Todd Boehly.
A few months after the announcement, the London team was sold for € 5 billion to a consortium that is led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss.
If you’re wondering, who is Todd Boehly? He is an American businessman president of a fund that invests in various sectors, including sports, since he owns 20% of the LA Dodgers, and is co-owner of the Los Angeles Sparks. As if that were not enough, he acquired 27% of the Los Angeles Lakers in 2021.
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Of the total investment being made, £2.5 billion will be applied to buy the Club’s shares and said proceeds will be deposited in a frozen bank account in the UK with the intention of donating 100% to charitable causes, as confirmed by Roman Abramovich. Approval from the UK government will be required for the proceeds to be transferred from the frozen bank account.
In addition, the club advises that the proposed new owners will commit £1.75 billion in additional investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team, Kingsmeadow and ongoing funding from the Chelsea Foundation.
According to the statement, the sale is expected to be completed by the end of this month, subject to all necessary regulatory approvals. More details will be provided when the date arrives.
Thus, Todd Boehly acquires not only a historic world football team, but also an obligation, to maintain the prestige that Chelsea has acquired over recent years based on titles such as those recently obtained in the Premier League, Champions League, FA Cup and Europa League.