A closer look at new Chelsea controlling owner Todd Boehly
Todd Boehly’s simple refusal to countenance any distractions has proved central to the Connecticut billionaire’s successful Chelsea takeover.
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Todd Boehly’s simple refusal to countenance any distractions has proved central to the Connecticut billionaire’s successful Chelsea takeover.
The UK Government has approved the £4.25bn takeover of Chelsea by a consortium led by the LA Dodgers co-owner Todd Boehly, paving the way for a new era at Stamford Bridge, with the proceeds going to humanitarian causes in Ukraine. The Premier League last night gave its own go-ahead for the deal to go through, meaning only the final paperwork needs to be completed before the club is in the hands of Boehly, an American billionaire, ending 19 years under Roman Abramovich.
The UK Government has announced it has reached a position where it can issue a licence that permits the sale of Chelsea. Todd Boehly's £4.25billion takeover of the Stamford Bridge club was approved by the Premier League on Tuesday evening. "Late last night the UK Government reached a position where we could issue a licence that permits the sale of Chelsea Football Club," read a Government statement. "Following the sanctioning of Roman Abramovich, the Government has worked hard to ensure Chelsea Football Club has been able to continue to play football. But we have always been clear that the long-term future of the club could only be secured under a new owner."
LONDON: Roman Abramovich’s 19 years as Chelsea owner is closer to ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. The government had to be sure that Abramovich, who was sanctioned over his links to Russian President Vladimir Putin, did not profit from the enforced sale of the club that his investment turned into one of the most successful in European football.
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