Deals

Boehly-Clearlake Group Secures Chelsea Deal as Abramovich Exits

Club set to be 10th in Premier League backed by U.S. investors
Sanctioned billionaire Abramovich forced by U.K. to sell team

WATCH: A group led by former Guggenheim President Boehly and Clearlake Capital have agreed to buy Chelsea Football Club. Leigh-Ann Gerrans reports.Source: Bloomberg

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By Gillian Tan and David Hellier

May 6, 2022 at 11:53 PM UTC

Updated on

May 7, 2022 at 4:08 PM UTC

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A group led by former Guggenheim Partners President Todd Boehly and Clearlake Capital agreed to buy Chelsea Football Club for 4.25 billion pounds ($5.25 billion), ending Roman Abramovich’s long tenure at the London team and deepening U.S. investment in England’s Premier League.