Chelsea confirmed officially on Monday that the Boehly-led consortium had completed the sales of Chelsea from Roman Abramovich. the Monday announcement brings an end to the successful 19 years reign of Roman Abramovich.
The Consortium in their statement after the takeover had decided to invest in three main areas that are technology, infrastructure, and Sports Science.
Mark Walter, a co-owner of the Dodgers, is part of Boehly’s consortium, as is Swiss billionaire Hansjorg Wyss and British property mogul Jonathan Goldstein.
An official statement from Chelsea reads: “Roman Abramovich has completed the sale of Chelsea Football Club and related companies to an investment group led by Todd Boehly and Clearlake Capital.
“This sale process commenced on 2 March, when Mr. Abramovich announced his intention to sell the club after 19 successful years of ownership. In selling the club, Mr. Abramovich stipulated that the new owner must be a good steward of the club, the net proceeds of the sale must be donated to charity, and that he would not seek the repayment of loans made to affiliates of the club.
“Following this announcement, the board of directors and senior staff at the club immediately commenced work on the sale transaction. Raine, a global merchant bank chosen by the owner to run the sale process, has significant expertise and experience advising premium sports clubs on mergers and acquisitions and advised the owner and the club in the process.”
Todd Boehly confirmed after the takeover that he is 100 percent committed to developing the Chelsea academy and buying the best players for both the men’s and women’s teams.
Todd Boehly said: “We are honored to become the new custodians of Chelsea Football Club.
“We’re all in 100 percent 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.”
Clearlake co-founders and managing partners Jose E. Feliciano and Behdad Eghbali continued. : “We are excited to commit the resources to continue Chelsea’s leading role in English and global football, and as an engine for football talent development.
“We also want to thank the authorities for all their work throughout the process. As pioneers in sports and media investing, we are thrilled to partner with Todd and the rest of the consortium to meaningfully grow the Club as a global platform.
“Together, we will expand the Club’s investment across infrastructure, technology, and sports science to support the incredible Chelsea football and commercial teams – all with the goal of leveraging this growth to fuel even more on-pitch success.”
Chelsea fans will be excited by Todd Boehly’s led consortium commitment to investing in infrastructure with the proposed expansion of Stamford Bridge still on the table.