Todd Boehly has vowed to build on Chelsea’s “remarkable history of success” after completing his £4.25billion purchase of the Stamford Bridge club. The 48-year-old US tycoon’s consortium finally took the Stamford Bridge helm on Monday, having finalised the record sports franchise purchase from Roman Abramovich.
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Chelsea have confirmed Todd Boehly’s consortium has agreed terms to buy the Stamford Bridge club from Roman Abramovich in a £4.25billion deal. Los Angeles Dodgers co-owner Boehly has won the race to buy the Blues amid the most public major sports franchise takeover in history.
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Roman Abramovich has been disqualified as a director of Chelsea by the Premier League board but the sale of the club is expected to progress with Government oversight. The Premier League board’s decision to disqualify Abramovich is unlikely to have any real impact given the sale process had already commenced.
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Chelsea owner Roman Abramovich has been sanctioned by the UK government – meaning he is now unable to sell the club. Chelsea have been granted a special license to allow fixtures to be fulfilled, staff to be paid and existing ticket holders to attend matches.
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Roman Abramovich has confirmed he has put Chelsea up for sale and has written off the £1.5 billion (€1.8 billion) of loans he has made to the club. The Billionaire came under pressure to sell his prized asset over his links to Russian president Vladimir Putin and his invasion of Ukraine.
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