Todd Boehly, who paid £4.25 billion for Chelsea, has promised to build on the club’s “amazing history of achievement.”
The consortium led by the 48-year-old US entrepreneur finally took over at Stamford Bridge on Monday afternoon, having completed the record sports franchise purchase from Roman Abramovich.
In a sale process that began on March 2 and included more than 250 inquiries, Boehly’s consortium defeated 11 significant opponents to become the next Chelsea owners.
Boehly, a co-owner of the Los Angeles Dodgers, will “enjoy joint control and equal governance of the team” with main partner Clearlake Capital investment business.
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Boehly will act as chairman of the holding firm, bolstering his position as controlling owner As a result of his strong working relationship with Clearlake CEO Behdad Eghbali.
“We are honored to be the new stewards of Chelsea Football Club,” stated Boehly.
“We’re all in – 100% – every minute of every game.”
“As owners, our goal is simple: we want to make the fans proud.”
“Our plan of action is to invest in the club for the long term and build on Chelsea’s extraordinary history of success, in addition to our commitment to strengthening the young group and obtaining the top players.”
“I personally want to thank British Government ministers and officials, as well as the Premier League, for all their efforts in making this happen.”
Chelsea’s 19-year ownership by Russian-Israeli billionaire Roman Abramovich has come to an end.
The 55-year-old led Chelsea to 19 major championships, forever transforming the face of English football with his significant investment and hunger for success.
The Abramovich era has officially ended.
Abramovich formally listed the club for sale on March 2, in the midst of Russia’s ongoing invasion of Ukraine.
On March 10, the UK government sanctioned Abramovich, claiming to have established his ties to Vladimir Putin.
Chelsea was able to continue operations due to a stringent, temporary Government license, while Abramovich’s other UK assets were frozen.
To consummate the sale, Downing Street, the European Union, and the Portuguese government all had to obtain fresh licenses.
The consortium’s other key members include Swiss billionaire Hansjorg Wyss and US tycoon Mark Walter.
Clearlake Capital co-founders Eghbali and Jose Feliciano expressed their joy at closing the acquisition for Chelsea and predicted a bright future.
“We are thrilled to commit the resources necessary to maintain Chelsea’s leadership status in English and global football, as well as as a talent development engine,” Eghbali and Feliciano said in a joint statement.
“We would also like to thank the authorities for their efforts throughout the process.”
“As pioneers in sports and media investing, we are excited to collaborate with Todd and the rest of the consortium to further expand the club as a global platform.”
“We will increase the club’s investment in infrastructure, technology, and sports science to support the fantastic Chelsea football and commercial teams – all with the purpose of leveraging this expansion to generate even more on-field success.”
The purchase was allowed after the government determined that Abramovich would not profit financially from it.
