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Todd Boehly’s consortium completes £4.25billion takeover of Chelsea

Todd Boehly has vowed to build on Chelsea’s “remarkable track record” after completing his £4.25billion purchase of the Stamford Bridge club.

The 48-year-old US tycoon’s consortium finally took the helm at Stamford Bridge on Monday after completing the record-breaking purchase of the sports franchise from Roman Abramovich.

Boehly’s consortium battled 11 serious rivals to become the new Chelsea owners in a sales process that began on March 2 and involved more than 250 requests.

Los Angeles Dodgers co-owner Boehly will share “joint control and equal leadership of the club” with lead partner at investment firm Clearlake Capital.

Boehly will serve as chairman of the holding company, cementing his status as controlling owner – a lineup achieved due to his robust working relationship with Clearlake CEO Behdad Eghbali.

“We are honored to become the new trustees of Chelsea Football Club,” Boehly said.

“We’re 100 percent in every minute of every game.

“Our vision as owners is clear: we want to make the fans proud.

“Alongside our commitment to developing the youth squad and recruiting the best talent, our action plan is to invest in the club for the long term and build on Chelsea’s remarkable track record.

“I would like to personally thank the ministers and officials in the UK Government and the Premier League for all their work to bring this about.”

Russian-Israeli billionaire Abramovich’s 19-year tenure as owner of Chelsea has now come to an end.

The 55-year-old led Chelsea to 19 major trophies and forever changed the face of English football with his huge investment and drive for success.

Abramovich officially put the club up for sale on March 2, amid Russia’s ongoing invasion of Ukraine.

The British government then imposed sanctions on Abramovich on March 10, claiming to have proved his ties to Vladimir Putin.

Chelsea were able to continue operating thanks to a strict, temporary government license with Abramovich’s other British assets frozen.

Downing Street, the European Union and the Portuguese government had to issue new licenses for the sale to go through.

Swiss billionaire Hansjorg Wyss and US tycoon Mark Walter are the other main members of the consortium.

Clearlake Capital co-founders Eghbali and Jose Feliciano expressed their delight at completing the deal for Chelsea and immediately hinted at a bright future.

“We are delighted to provide the resources to continue Chelsea’s leadership in English and global football and as a driver for the development of football talent,” Eghbali and Feliciano said in a joint statement.

“We would also like to thank the authorities for all their work throughout the process.

“As pioneers in sports and media investing, we are delighted to be working with Todd and the rest of the consortium to meaningfully grow the club as a global platform.

“Together we will scale up the club’s investments in infrastructure, technology and sports science to support Chelsea’s incredible football and commercial teams – all with the goal of leveraging that growth to achieve even greater success on the pitch. “

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