08 May,2022 08:05 AM IST | London | Agencies
Todd Boehly
Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy the Premier League club in a $5.2 billion deal.
Owner Roman Abramovich put Chelsea on the market in early March, just days before he was sanctioned by the British government following Russia's invasion of Ukraine. After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing the sale.
Boehly's consortium includes a fellow co-owner of the Dodgers baseball franchise, Mark Walter, Swiss billionaire Hansjoerg Wyss and US investment firm Clearlake Capital.
"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," they said in a statement. Meanwhile, Conor Coady struck deep into time added on to snatch a 2-2 draw for Wolverhampton Wanderers away at Chelsea. Romelu Lukaku scored a brace for Chelsea.
ALSO READ
Chelsea sells Angelo Gabriel to Saudi club to continue unlikely career arc of Brazilian teen
Big-spending Chelsea held by Palace; Newcastle beats Tottenham
Sterling joins Gunners; Man Utd sign Ugarte on deadline day
Chelsea offloads Sterling, set to sign Sancho and fails to bring in Osimhen on a wild deadline day
Chelsea gets opponents from Armenia, Ireland, Kazakhstan in 6-game slate of Conference League games
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever