Chelsea’s £4.25bn sale to a consortium led by American investor Todd Boehly has been completed.
CHELSEA CONFIRMED ON Monday that Todd Boehly’s consortium has completed their takeover of the Premier League club.
Boehly’s group agreed on a deal to buy Chelsea from Roman Abramovich for £4.25 billion ($5.3 billion) on May 7 and the sale has now been officially rubber-stamped.
“We are honored to become the new custodians of Chelsea Football Club. We’re all in, 100 percent, every minute of every match,” Boehly told Chelsea’s website.
Boehly’s takeover ends Abramovich’s 19-year reign as Chelsea owner.