Chelsea owner Todd Boehly vows to bring success after completing takeover

Todd Boehly promised to build on Chelsea’s “remarkable history of success” after the American’s consortium completed its £4.25bn takeover of the club on Monday.

A new era at Stamford Bridge is under way after Roman Abramovich agreed to the UK government’s terms for the sale. Chelsea described the deal as unprecedented in its speed, saying such a transaction would normally take nine months,and revealed they received more than 250 inquiries after Abramovich put the club up for sale in March.

The process was eventually won by a consortium led by Boehly, the part-owner of the LA Dodgers, and the US investment firm Clearlake Capital. The group includes the Swiss billionaire Hansjörg Wyss, the British property developer Jonathan Goldstein and Mark Walter, Boehly’s fellow Dodgers owner. It is expected that Marina Granovskaia, who runs Chelsea’s transfer business, and Bruce Buck, the chairman, will remain.

“We are honoured to become the new custodians of Chelsea Football Club,” Boehly said. “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.”

The deal was signed off a day before Chelsea’s operating licence was due to expire. Nigel Huddleston, the sports minister, confirmed that the club would no longer be affected by the sanctions imposed on Abramovich after Russia’s invasion of Ukraine.

The Russian oligarch has agreed to the