Sign in
Download Opera News App

News Sports

 

Soccer

 

Premier League

Chelsea Club takeover finally complete as Boehly era begins at Stamford Bridge

Roman Abramovich's time as Chelsea owner is officially over after the takeover of the club by the Todd Boehly-led consortium completed its takeover.

The Blues have changed hands after a glorious 19 years with a predominantly US-based consortium now at the helm.

Russian-Israeli billionaire Abramovich put Chelsea, which he purchased in 2003, up for sale on March 2, a week after Vladimir Putin's invasion of Ukraine on February 24.

The total investment will cost £4.25 billion ($5.2bn), with £2.5bn ($3.2bn) ending up being the sale price of the club, while there is an agreement in place that £1.75bn (2.1$bn) will be invested over 10 years.

With a special licence expiring at the end of May, the target has always been to finalise a sale by that deadline, and it has been known for a number of weeks that Boehly was the preferred bidder.

Statement from UK Government.

The completion of the deal also officially ends the restrictions imposed on Chelsea, allowing Thomas Tuchel and club officials to buy and sell players.

Like share leave your comments and don't forget to follow me for more interesting football news updates.

Content created and supplied by: FlywheelPartizon (via Opera News )

Abramovich Boehly Chelsea Club Stamford Ukraine

COMMENTS

Load app to read more comments