After months of negotiations, Todd Boehly has finally acquired Chelsea Football Club for a few around £4.25bn.
The United Kingdom delayed proceedings as it sought to ensure Roman Ibrahimovic, who has been the owner of the club for nineteen years, got nothing from the sales.
Under the reign of the Russian oligarch, Ibrahimovic and his club lifted 21 trophies. The 21 trophies include five Premier League titles and two Champions Leagues.
The new owners said they are “committed to investing in key areas that will extend and enhance Chelsea’s competitiveness, including the redevelopment of Stamford Bridge, further investment in the academy, the women’s team and Kingsmeadow stadium,” adding they will “continue the important work of the Chelsea Foundation.”
The £4.25bn the Todd Boehly-led consortium paid for the club is a record fee.