Chelsea FC Confirm Todd Boehly & Co As New Club Owners

Chelsea Football Club can confirm that a new ownership group led by Todd Boehly, Clearlake Capital, Mark Walter, and Hansjoerg Wyss has agreed to buy the club.

According to Roman Abramovich, £2.5 billion of the entire investment would be used to acquire shares in the Club, and the revenues will be transferred into a frozen UK bank account with the goal of donating 100 percent to charity organizations. The funds will need to be moved from the blocked UK bank account with the consent of the UK government.

In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.

Source: chelseafc.com