Football: sale of Chelsea club in Todd Boehly and its consortium is finalized

Sold for five billion euros, the English club no longer belongs to the Russian oligarch, novel Abramovitch, sanctioned for its links with Vladimir Putin. The American businessman said he wanted to “make supporters proud”.

Le Monde with AFP

The Chelsea club sales process to the American businessman Todd Boehly, and his investor consortium is finalized, the club announced on Monday May 30. The latter no longer belongs to the Russian billionaire Roman Abramovitch.

“The consortium led by Tedd Boehly, President and Managing Director of Eldridge, and Clearlake Capital Group announced today [Monday] [Monday] that the transfer of the property of the Chelsea Football Club was completed”, have written the blues , bought for five billion euros.

The consortium also includes the Swiss billionaire Hansjörg Wyss and Mark Walter, a business partner of Mr. Boehly, with whom he shares the property of the Los Angeles Dodgers baseball team.

” Honored to become the new guards “Chelsea 2>

The record transaction for a collective sports team had received, in recent days, the green light from the Premier League and especially from the British government. The latter had been very fussy on the assembly chosen for the sale, after having frozen the assets of the Russian oligarch in March, because of his supposed links with Vladimir Putin.

“In accordance with the terms of the agreement, Boehly and Clearlake will have joint control and equal power within the club,” said the press release. The businessman and the investment fund were committed to investing nearly two billion in the amount of the club infrastructure, in particular to modernize its stamford bridge stadium.

“We are honored to become the new guards of the Chelsea Football Club. We are engaged thoroughly – 100 % -, for every minute of each match. Our vision as a owner is clear: we want to make the supporters proud” , says Boehly in the press release.

/Media reports.