Home Business Chelsea FC confirms sale to group led by Todd Boehly and Clearlake Capital

Chelsea FC confirms sale to group led by Todd Boehly and Clearlake Capital

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Chelsea FC confirms sale to group led by Todd Boehly and Clearlake Capital

Roman Abramovich has accomplished the sale of Chelsea Football Club to a gaggle led by American businessman Todd Boehly and funding agency Clearlake Capital.

In a press release, the membership stated sanctions imposed on Mr Abramovich following Russia’s invasion of Ukraine had offered “unique and unforeseen challenges to the sale process”.

Nevertheless, it was accomplished “on an accelerated timeline”, the southwest London membership added.

“A transaction such as this would normally take nine months to a year to complete; we did it in less than three months.”

Mr Boehly stated he and his companions have been “honoured to become the new custodians of Chelsea Football Club”.

He added: “We’re all in – 100% – each minute of each match.

“Our vision as owners is clear: we want to make the fans proud.”

Mr Boehly continued: “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 need to thank ministers and officers within the British authorities, and the Premier League, for all their work in making this occur.”

Culture Secretary Nadine Dorries said she was “more than happy” to see the club under new ownership.

She said: “Sanctioning Roman Abramovich for his hyperlinks to Putin was proper and crucial, but it surely did create profound uncertainty for the membership. We have labored tirelessly to make sure Chelsea FC may survive.

“A sale was the only way the club could continue after this season. Sale proceeds will be frozen and can only be used with govt approval.

“We will interact intently on the institution of a basis (with the proper assurances), to help humanitarian functions in Ukraine.”

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