Abramovich completed the sale of the Chelsea submarine team for $ 3.2 billion

A consortium led by Los Angeles Dodgers co-owner Todd Boli has completed Chelsea’s purchase on Monday for £ 2.5 billion ($ 3.2 billion) – the highest amount for the sports team.

The quick purchase of English football club Chelsea for 2.5 billion pounds ($ 3.2 billion) – the highest price ever paid for a sports team – was completed on Monday by a consortium led by Los Angeles Dodgers co-owner Todd Boli.

This marked the end of the trophy-filled 19-year rule of Roman Abramovich, a Russian oligarch who was forced to sell the club in March after the British government came under sanctions for what it called the permission of Russian President Vladimir Putin “brutal”. and barbaric invasion “on Ukraine.

The government said the proceeds from the sale would be used for humanitarian purposes in Ukraine.

“We are honored to be the new keepers of Chelsea Football Club,” said Boyle, who has attended some of the team’s games in recent weeks. “We’re all – 100% – every minute of every match.”

Chelsea have been operating under a state license since Abramovich’s assets were frozen in March. The Boehly and Clearlake Capital consortium was one of about 250 initially offered buyers, the club said, and it was narrowed down to 12 trusted bids and then shortlisted with three final bidders.

“Many described the proposed deal as ‘unprecedented,’ and it was,” Chelsea said. “Such a transaction typically takes nine months to a year; we did it in less than three months. ”

The British government approved the sale last week, assuring that Abramovich could not make a profit from it. The proceeds will be transferred to a frozen account and then used “to support efforts to help and rebuild Ukraine as soon as possible,” the government said.

“Today’s change of ownership means a new chapter for Chelsea,” the government added, “in the interests of its fans, the club and the wider football community.”

The Bellie Group has promised to invest an additional £ 1.75 billion ($ 2.2 billion) in Chelsea’s men’s, women’s and academic teams, as well as in infrastructure such as the Stamford Bridge refurbishment.

The consortium also includes Dodgers co-owner Mark Walter, Swiss billionaire Hans-Vis and fundraiser private investment company Clearlake.

“We are pleased to provide resources to maintain Chelsea’s leading role in English and world football,” said Behdad Egbali and Jose E. Feliciano, co-founders of Clearlake, “and as an engine for the development of football talent.”

Funded by Abramovich’s generous investments, Chelsea’s men’s team has won 21 trophies during his tenure, including the Champions League in 2012 and 2021, and is the reigning champion of the Club World Cup. This season the women’s team won the doubles league and the Cup.

Chelsea manager Thomas Tuchel has been praised in the club’s statement for his “patience and support” during the sale process, and he can now start signing to strengthen his team that qualified for next season’s Champions League – through third place in the Premier League. -league – despite the hustle and bustle outside the field.

The club’s ability to sell match tickets and commit to spending new players was limited by sanctions against Abramovich.


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