Chelsea have confirmed Todd Boehly and Clearlake Capital as their new owners, after a fast-tracked sale process was completed in three months. The sale of the West London outfit is the biggest transaction of its kind in history, priced at £4.25 billion.
The club confirmed in an official statement that a sale of this nature would take at least nine months to a year to complete. But, owing to the circumstances, it had to be completed within a third of that time. As a result, the 19-year Roman Abramovich era has officially come to an end.
Chelsea officially have new owners
“We are honored to become the new custodians of Chelsea Football Club,” said Boehly, who attended some of the team’s games in recent weeks. “We’re all in – 100% – every minute of every match.”
As part of the sale, Boehly has pledged to invest a sum worth at least £1.75 billion into the men’s team, women’s team and academy. Plans for improving Stamford Bridge could also be on the agenda of the new owners, who have a huge summer ahead of them. None of the proceeds from the sale will benefit Abramovich. Instead, they will be used for the welfare of the victims of the Russia-Ukraine war.
The club specifically thanked Thomas Tuchel and Emma Hayes for their efforts during the last few months. The two coaches have been able to handle the situation brilliantly, while maintaining the reputation of the club.
The sanctions placed on Chelsea have now been lifted following the change of ownership, and they can now operate normally.
