Sale of Chelsea to Todd Boehly’s consortium completed

London, May 30 (EFE).- Chelsea’s sale to a consortium headed by US tycoon Todd Boehly and the investment fund Clearlake Capital was completed on Monday, after receiving the relevant authorities’ approval, the Premier League said in a statement.

The consortium takes over from Russian oligarch Roman Abramóvich, sanctioned for his links with Russian president Vladimir Putin’s regime, for a record figure estimated at 4.25 billion pounds.

Boehly – co-owner of the Los Angeles Dodgers baseball team – and Clearlake will share equal control and direction of the club, although he will be the president of the company.

“We are honoured to become the new custodians of Chelsea Football Club,” said Boehly in a Chelsea statement. “We’re all in – 100% – every minute of every match. Our vision as owners is clear: we want to make the fans proud.

“Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the Club for the long-term and build on Chelsea’s remarkable history of success.

“I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen,” he added.

Since Abramóvich’s assets were frozen by the British government, Chelsea have operated under a special license that has had a negative impact on revenue and prevented the club from signing new players or even renewing existing contracts.

The special license expires May 31.

With the sale of the club, Chelsea will be able to operate normally again. This means that the club will reopen its store, be able to buy and sell players or extend their contract as well as sell match tickets. EFE


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