Todd Boehly watches Chelsea vs Wolves at Stamford Bridge after his ownership group reached a deal to buy a club with an impending takeover from Roman Abramovich


Todd Boehly was at Stamford Bridge for Chelsea’s Premier League game with Wolves on Saturday, hours after his ownership group reached a £4.25billion deal to buy the club.

The takeover was announced by Chelsea at 1.37am on Saturday morning, with completion expected to be officially confirmed later in May.

Boehly was pictured at Stamford Bridge
AFP

Los Angeles Dodgers co-owner Boehly, who leads the consortium, has won the race to buy the Blues after the most public major sports franchise takeover in history.

Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss must now await Premier League and UK government approval before confirming the deal.

“Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss, to acquire the club,” a Chelsea statement read.

“Of the total investment made, £2.5 billion will be applied to buy the shares of the club, and this proceed will be deposited in a frozen UK bank account with the intention of donating 100% to charitable causes, as confirmed by Roman Abramovich. .

Todd Boehly watches Chelsea vs Wolves at Stamford Bridge after his ownership group reached a deal to buy a club with an impending takeover from Roman Abramovich
Boehly was seen celebrating as Ruben Loftus-Cheek scored in the first half but then looked bewildered when the goal was disallowed by VAR
AFP

“UK Government approval will be required for proceeds to be transferred from the frozen UK bank account.

“In addition, the proposed new owners will commit £1.75bn of additional investment to benefit the club.

“This includes investments in Stamford Bridge, the academy, the women’s team and Kingsmeadow and continued funding for the Chelsea Foundation.

“The sale is expected to be finalized at the end of May subject to all necessary regulatory approvals. More details will be provided at that time. »

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