Todd Boehly

The deal to sell Chelsea soccer club, which previously belonged to sanctioned oligarch Roman Abramovich, to a group led by Los Angeles Dodgers' Todd Boehly ...

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The deal to take over from Roman Abramovich has been completed following government approval and the new group will be fronted by American billionaire Todd ...

The former chancellor was pictured with Boehly outside Stamford Bridge late Friday night just before it was confirmed that a deal had been agreed. Reports that he was forming a group capable taking over out of spite because he has very different political views to the Russian have been exaggerated but Wyss is a notable backer of left wing causes in America. He had an existing business relationship with Boehly before launching the bid. The Tory peer and former advisor to David Cameron will take a non-executive place on the board. The 82-year-old first revealed that Chelsea was up for sale at the beginning of March when telling the newspaper Blick that he had been offered the club more than 24 hours before Roman Abramovich confirmed that was the case. The casually dressed LA Dodgers part-owner, with a stake of 20%, will be running point for the new group and has made the right noises so far, using the example of his baseball team's success to assuage some fears around whether they will continue to invest heavily in strengthening the first team and club infrastructure. He also owns a minor stake in the LA basketball teams Lakers and Sparks.

Some 85 days after Roman Abramovich officially put the Blues up for sale, the Boehly consortium has finally taken over.

The new Chelsea chief’s financial expertise leads to a natural fascination with the impact of data in sport. The casually dressed and laid-back new Blues supremo was understood to have been taken aback by the regularity of supporter recognition, in contrast to his lower profile at Dodgers games in the US. Chelsea’s sale could have been expected to take some nine months under normal time pressure. In recent weeks Boehly has been able to attend matches at Stamford Bridge, both in the directors’ box and also while mixing in the stands among supporters. Raine and Chelsea deserve genuine credit for pulling off a deal of such complexity and magnitude so quickly, with executives understood to have worked 20-plus hour days throughout the process. Boehly and Eghbali were able to prove the robustness of their consortium to both Chelsea chiefs and the top brass at Raine Group, the New York merchant bank overseeing the sale.

Licence issued as ministers satisfied Roman Abramovich will not benefit from funds.

The UK government has approved the sale of Chelsea Football Club to an ownership group led by Todd Boehly in a deal worth more than $5 billion.

This would include investments in the club's stadium Stamford Bridge, its academy, the women's team and funding for the Chelsea Foundation charity. The club said that of the total investment being made, 2.5 billion pounds ($3.08 billion) will be used to buy the shares in the club and this money would be deposited into a frozen UK bank account "with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich." "The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium," the league said in a statement. A spokesperson for the UK government said proceeds of the sale will be used for "humanitarian causes in Ukraine, supporting victims of the war." "The steps today will secure the future of this important cultural asset and protect fans and the wider football community," the spokesperson added. Abramovich put the club up for sale in early March following the Russian invasion of Ukraine, saying at the time it was "in the best interest of the Club."

Some 85 days after Roman Abramovich officially put the Blues up for sale, the Boehly consortium has finally taken over.

The new Chelsea chief’s financial expertise leads to a natural fascination with the impact of data in sport. Start your Independent Premium subscription today. Chelsea’s sale could have been expected to take some nine months under normal time pressure. The casually dressed and laid-back new Blues supremo was understood to have been taken aback by the regularity of supporter recognition, in contrast to his lower profile at Dodgers games in the US. Only the strength of relationship between Boehly and both Eghbali and Clearlake has allowed the set-up to be given the green light by the sellers, it is understood. Boehly and Eghbali were able to prove the robustness of their consortium to both Chelsea chiefs and the top brass at Raine Group, the New York merchant bank overseeing the sale.

Former Chelsea bidder Sir Martin Broughton has sent a message to incoming owner Todd Boehly and his consortium ahead of the official announcement of the ...

But we have always been clear that the long-term future of the club could only be secured under a new owner. This comes after the UK Government have issued a new licence for the takeover of Chelsea to be complete ahead of the May 31 expiry of the current operating licence. Former Chelsea bidder Sir Martin Broughton has sent a message to incoming owner Todd Boehly and his consortium ahead of the official announcement of the takeover.

The deal to sell Chelsea soccer club, which previously belonged to sanctioned Russian oligarch Roman Abramovich, to a group led by Los Angeles Dodgers' Todd ...

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Boehly teamed up with fellow Los Angeles Dodgers co-owner Mark Walters, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US ...

How are we going to drive championships and how are we going to build passion? “The opportunity we had with the Dodgers was really about part-ownership with Los Angeles. How are we going to win? The Blues prevailed 3-2 despite the obvious distractions, as Abramovich released a statement pledging to write off the club’s debt and set up a foundation to aid victims of the war in Ukraine. “So what you are trying to build with these teams, you are really trying to a) win and (b) be part of the community. “Football’s the biggest sport in the world, the passion the fans have for the sport and the teams is unparalleled,” Boehly told Bloomberg at the time that his interest in buying Chelsea emerged. A consortium led by the American businessman and investor - who has an estimated net worth of $4.5billion - has finally been given the green light to take over the club, which was put up for sale by Roman Abramovich in March after the Russian was sanctioned following his country’s invasion of Ukraine.

Todd Boehly is to be the new face of Chelsea Football Club, as his consortium secures permission to complete the sale of the west London outfit from Roman ...

According to Forbes, Boehly met his wife Katie while they were studying at William and Mary, and the couple have since given an undisclosed stack of cash to their old uni to build the Boehly Center for Excellence in Finance. According to Forbes , Todd Boehly has a net worth in the region of £3.6billion ($4.5bn) and is thought to be the 637th richest person in the world. The Premier League and the UK Government have approved the sale of Chelsea Football Club to a consortium led by American businessman Todd Boehly.

The deal to sell Chelsea soccer club, which previously belonged to sanctioned oligarch Roman Abramovich, to a group led by Los Angeles Dodgers' Todd Boehly ...

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Todd Boehly's £4.25billion Chelsea takeover has been approved by the Government, paving the way for the US businessman to take control of the west London.

But we have always been clear that the long-term future of the club could only be secured under a new owner. 'Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual. We have been in discussions with relevant international partners for necessary licences required and we thank them for all their co-operation.' They are satisfied 'that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual.' British property tycoon, who has worked with Boehly before, is also part of the team. Under Guggenheim’s management and with Boehly serving as a partner, the franchise’s World Series victory in 2020 was its first in 22 years. She has also served on the board of FACES (Finding A Cure for Epilepsy and Seizures) since 2017. The Boehly consortium beat out three other groups in the final bidding stage last month. The more World Series we win, the more valuable a franchise it is, right?’ Speaking in 2014 about the experience, he said: ‘College overwhelmed me, my grades started to suffer and I started to languish. It was also the same college attended by his future wife Katie (pictured here with Todd in 2020), who graduated with a history degree a year earlier than him, in 1995 Pictured: Dodgers co-owner Todd Boehly, right, attends the Los Angeles Dodgers Foundation Blue Diamond Gala in 2017 with (from left). Dodgers co-owner Mark Walter, actress Ariel Winter and actor Eric Stonestreet

The deal to sell Chelsea soccer club, which previously belonged to sanctioned oligarch Roman Abramovich, to a group led by Los Angeles Dodgers' Todd Boehly ...

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The British government has issued a special licence to allow the $5 billion sale of Chelsea by Roman Abramovich to the consortium led by Todd Boehly.

The proceeds of the sale are expected to be deposited in a frozen bank account controlled by the government. "Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual," said the government. Instead his proceeds will go into a foundation to help victims of the war in Ukraine.

The deal to sell Chelsea soccer club, which previously belonged to sanctioned oligarch Roman Abramovich, to a group led by Los Angeles Dodgers' Todd Boehly ...

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High-school wrestling champion Todd Boehly has successfully grappled with one of the most complex takeover deals in the history of sport.

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A statement was made by a government spokesperson saying: "Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual. Abramovich brought a vast amount of wealth to Chelsea, but it seems like the club will still be a financial superpower in the football world. The American businessperson and philanthropist owns 20% of the US baseball team the LA Dodgers, he also owns a portion of women’s basketball team the Los Angeles Sparks. We will now begin the process of ensuring the proceeds of the sale are used for humanitarian causes in Ukraine, supporting victims of the war.” Abramovich was sanctioned due to his connections with Russian President Vladimir Putin. The club was put up for sale in March, ending Roman Abramovich 19-year ownership of the club.

High-school wrestling champion Todd Boehly has successfully grappled with one of the most complex takeover deals in the history of sport.

So I came back to Landon and I talked to Mr Sorkin,” Boehly recalled in 2014. Sport has played a big part in his life stretching back to high school. “Todd expended as much energy on the sidelines in encouragement of his team-mates as he did on the mat,” his maths teacher Steve Sorkin said at a ceremony to mark the naming of a room, as reported in an article on the school’s website. Boehly’s business interests are vast and varied. Boehly went on to study at the College of William and Mary in Williamsburg, Virginia, where he met his future wife Katie, a fellow student. He left such a lasting impression that the school’s wrestling room was named in his family’s honour in 2014.