Chelsea takeover completed
The Chelsea takeover has been completed as Roman Abramovich has sold the Premier League to an investment group led by American Todd Boehly and Clearlake Capital.
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The Chelsea takeover has been completed as Roman Abramovich has sold the Premier League to an investment group led by American Todd Boehly and Clearlake Capital.
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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, ending a three-month process to sell the club.
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Chelsea are officially under new ownership as Todd Boehly completed his £4.25billion ($5.3bn) purchase of the Stamford Bridge club on Monday.
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. Boehly's consortium agreed a deal to buy Chelsea from Roman Abramovich for £4.25 billion ($5.3 billion) on May 7 and the sale has now been officially rubber-stamped. "We are honoured to become the new custodians of Chelsea Football Club. We're all in, 100 percent, every minute of every match," Boehly told Chelsea's website.