Deals

Todd Boehly Completes Takeover of UK’s Chelsea Football Club

A Chelsea Football Club emblem at Stamford Bridge Stadium in London, U.K., on Friday, March 18, 2022. One side effect of Russia’s invasion of Ukraine is uncertainty about the future of London’s Chelsea Football Club, one of the most glamorous franchises in the world’s most popular sport.Photographer: Chris J. Ratcliffe/Bloomberg

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By David Hellier

May 30, 2022 at 4:36 PM UTC

Updated on

May 30, 2022 at 6:13 PM UTC

This article is for subscribers only.

US investor Todd Boehly has completed his £4.25 billion ($5.4 billion) takeover of Chelsea Football Club from the sanctioned Russian oligarch Roman Abramovich.

Chelsea confirmed the completion of the deal in a statement Monday. It ends almost 20 years of ownership under billionaire Abramovich, during which the club rose to become one of the dominant forces in the English Premier League.