The sale of English Premier League (EPL) giants, Chelsea, was on Monday completed.
Newsbreak reports that the £4.5bn takeover sees an investment group led by Todd Boehly and Clearlake Capital become the new owners of the club, thus, Roman Abramovich’s 19-year spell as Chelsea owner is over.
A statement published on chelseafc.com reads: “Roman Abramovich has completed the sale of Chelsea Football Club and related companies to an investment group led by Todd Boehly and Clearlake Capital.
“This sale process commenced on 2 March, when Mr Abramovich announced his intention to sell the Club after 19 successful years of ownership. 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.”
Boehly added in a second statement: “We are honoured to become the new custodians of Chelsea Football Club.
“We’re all in – 100% – every minute of every match. 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 history of success.
“I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen.”
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