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Premier League side Chelsea have confirmed that the consortium led by LA Dodgers part-owner Todd Boehly has completed the takeover of the club. Chelsea had been up for sale for some months following the freezing of the assets of Roman Abramovich by the UK government after Russia’s invasion of Ukraine.
Chelsea's new owner Todd Boehly promised to build on the team's "remarkable history of success" after the American completed his takeover of the Premier League club on Monday.
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LONDON: Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday. The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week for the sale to go ahead. A final agreement was reached on Saturday.
The Chelsea takeover has been completed as Roman Abramovich has sold the Premier League to an investment group led by American Todd Boehly.