Thursday, May 19, 2022

HomeSportsBREAKING: Chelsea officially confirm Todd Boehly as new owner

BREAKING: Chelsea officially confirm Todd Boehly as new owner

Chelsea, on Saturday morning, officially confirmed Todd Boehly as the club’s new owner.

In a statement via their website, the Premier League giants confirmed that terms have been agreed for the new ownership group, led by Todd Boehly, to acquire the West London club.

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Boehly became Chelsea’s new owner following the completion of his £3.5billion takeover, replacing Roman Abramovich.

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His consortium was named as the preferred bidder to take over Chelsea by the Raine Group, the US bank who are overseeing the sale.

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Chelsea’s statement read in part: “Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.

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“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.”

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