American billionaire, Todd Boehly, leads consortium to acquire Chelsea from Abramovich

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Chelsea have confirmed that the consortium led by Todd Boehly bidding to take control of the club has signed an agreement to acquire it from Roman Abramovich.

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The American billionaire, who is co-owner of baseball team LA Dodgers, has finalised terms to buy the club along with his partners Clearlake Capital, Mark Walter and Hansjorg Wyss. The deal has been revealed to be worth £4.25billion — a record amount for a sports franchise — after the west London club issued a statement in the early hours of Saturday morning.

It read: “Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.

“Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.”

Boehly is set to be in attendance at Stamford Bridge on Saturday as the post-Abramovich era moves closer, with the takeover now expected to be ratified by the end of the month. But who is he Todd Boehly? Mirror Football has taken a look….

A former wrestler at school, Boehly has ascended quickly in the world of business and has ran several enterprises during his career.

He is currently the co-founder, chairman, CEO and controlling member of Eldridge Industries, while also being the current interim CEO of the Hollywood Foreign Press Association as of October 2021. According to Forbes, the American has a reported net worth of around $4.5bn.

Boehly owns 20 per cent of the Los Angeles Dodgers but his dealings with the baseball team have been questioned.

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