The biggest football club in London, Chelsea FC, has been sold to new owners, and this was confirmed in an official statement released by the club.

Chelsea FC Sold
Chelsea FC

Chelsea FC has confirmed that the club now has been sold to new owners in an official statement released on social media platforms today, Saturday, May 7, 2022.

The Boehly-led consortium had been selected as the final and preferred buyer of the biggest club in London. Officially, the Roman Abramovich-led era has formally come to an end for the blues, and the club would miss the Russian.

Read The Full Statement Fro Chelsea FC Below:

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.

Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.

In addition, the proposed new owners will commit £1.75bn in further investment for the benefit of the Club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow and continued funding for the Chelsea Foundation.

The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.

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