Roman era ends as Abramovich completes sale of Chelsea to Boehly-led consortium

Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led Todd Boehly and Clearlake Capital, the Premier League club said on Monday.
The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government last week for the sale to go ahead. A final agreement was reached on Saturday.
Russian owner Abramovich put the club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”. Sanctions on the Russian had also complicated the sale process.

Consortium led Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club.Best of Express PremiumPremiumPremiumPremiumPremium
— Chelsea FC (@ChelseaFC) May 30, 2022
“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,” Chelsea said in a statement.
In a separate statement, the club said Boehly and Clearlake would share joint control and equal governance of the club. Boehly, who is part-owner of the Los Angeles Dodgers, will serve as chairman of the holding company.

Statement from the Board of Directors of Chelsea Football Club Limited.
— Chelsea FC (@ChelseaFC) May 30, 2022
“We are honoured to become the new custodians of Chelsea Football Club. We’re all in — 100% — every minute of every match,” Boehly said.
“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 hory of success.
“I personally want to thank miners and officials in the British government, and the Premier League, for all their work in making this happen.”