Boehly’s US-led group ‘buys’ Chelsea for £4.25bn

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Boehly’s US-led group ‘buys’ Chelsea for £4.25bn

TSB NEWS reports that a US consortium has agreed to buy Chelsea, the English Premier League (EPL) club, for £4.25 billion following the forced exit of Roman Abramovich, its former owner.

The US consortium, earlier chosen as the preferred bidder, is led by Todd Boehly, co-owner of the Los Angeles Dodger baseball team. Others include Mark Walters, Hansjoerg Wyss, the Swiss billionaire; and Clearlake Capital.

The sale, still subject to final league regulations, marks the exit of Abramovich from the club after 19 years as its owner.

 

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