Football: Sale of Chelsea to Todd Boehly & his consortium for 5 billion euros

Chelsea, an English club, announced Monday that the sale process to Todd Boehly and his group of investors was completed and that it no more belongs to Roman Abramovich, a Russian billionaire.

Football: Sale of Chelsea to Todd Boehly & his consortium for 5 billion euros

Chelsea, an English club, announced Monday that the sale process to Todd Boehly and his group of investors was completed and that it no more belongs to Roman Abramovich, a Russian billionaire.

Clearlake Capital and Todd Boehly lead a consortium that completes the acquisition of Chelsea Football Club.

"The transfer of ownership of Chelsea Football Club has been completed by the consortium led today by Todd Boehly and Clearlake Capital Group," wrote the Blues. The club was bought for 5 billion euro.

Hansjorg Wyss, a Swiss billionaire, and Mark Walter (a business partner of Boehly) are also part of the consortium. In recent days, the Premier League and the British government gave the go-ahead for the record transaction of a collective sports team.

After having had his assets frozen in March by the Russian oligarch, the latter was very particular about the selection of the assembly for sale. This was due to his alleged connections with Vladimir Putin, who ordered the invasion and occupation of Ukraine by the Russian troops. The statement stated that Clearlake and Boehly will share equal control of the club under the terms.

The investment fund and the businessman had agreed to invest almost 2 billion in the club's infrastructure, including the modernization of its Stamford Bridge Stadium.

"We are proud to be the new Chelsea Football Club goalkeepers. We will be 100% committed to every game. Boehly stated that the owners' vision is clear: they want to make fans proud."

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