What next for Chelsea after Boehly group win battle to succeed Abramovich
Chelsea have some clarity after an uncertain few months with the consortium led by LA Dodgers co-owner Todd Boehly set to buy the Premier League giants. The Boehly group, which includes fellow Dodgers co-owner Mark Walter, Swiss billionaire Hansjoerg Wyss and US investment firm Clearlake Capital have committed to a deal worth £4.25 billion ($5.2 billion), a record for a sports club. A sum of £1.75 billion is earmarked for future investment in the club with the other £2.5 billion frozen due to the sanctions imposed on current owner Roman Abramovich.
Read AlsoChelsea confirm terms agreed with Todd Boehly-led consortium to buy the Premier League clubChelsea Football Club has confirmed that terms have been agreed with a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital over the acquisition of the Premier League football team.
The Russian oligarch has insisted his intention is for all of the proceeds to be donated to victims of the war in Ukraine. The sale brings to an end Abramovich's 19-year reign during which the Blues have enjoyed unparallelled success. Chelsea won five Premier League titles and two Champions League among 19 major trophies. But the Abramovich era was brought down by Russia's invasion of Ukraine as he was sanctioned by the UK government for his links to Russian president Vladimir Putin. AFP Sport looks at the job that lies ahead for the future Chelsea owners. The bulk of the future financial commitment to the club is expected to go on redeveloping Stamford Bridge into a stadium worthy of one of Europe's elite clubs. Abramovich shelved plans for a £1 billion redevelopment in 2018 during another dispute with the UK government over his visa. Stamford Bridge's 42,000


