New Chelsea boss Todd Bohley on Monday vowed to carry on the team’s “glorious history of success” after completing a US takeover of the Premier League club. Bohli’s consortium agreed on May 7 to buy Chelsea from Roman Abramovich for £ 4.25 billion ($ 5.3 billion) and the sale has now been formally sealed with a rubber stamp. “We are honored to be the new patrons of Chelsea Football Club. We are all, 100 per cent involved in every minute of every match,” Bohli told Chelsea’s website.
Bohli’s takeover ended Abramovich’s 19-year rule as Chelsea’s boss when the Russians offered the club for sale in March.
Abramovich was banned by the British government for alleged links to Russian President Vladimir Putin after the invasion of Ukraine.
Bohli, co-owner of the Los Angeles Dodgers, has set his sights on imitating Chelsea’s success under Abramovich, who has won 19 major trophies, including five Premier League titles and two Champions League titles.
“Our vision as owners is clear: we want the fans to be proud,” Bohli said.
“Along with our commitment to developing a youth squad and acquiring the best talent, our strategy is to make long-term investments in the club and carry forward Chelsea’s glorious history of success.”
Chelsea was operating under a special government license, which would expire on May 31 if Bohli failed to seal the deal.
It cast doubt on Chelsea’s future, but they are now able to look forward to next season as the Bohli government has taken the keys to Stamford Bridge.
Bohli’s group needed approval from the Premier League, the British government and Portuguese authorities – Abramovich holds Portuguese citizenship – before the sale could be completed.
“I personally want to thank the British government, and the ministers and officials in the Premier League, for all that they have done,” Bohley said.
Bohli competed against 11 competing bidders for Chelsea, including a record sale for the sports club.
He will “share the club’s shared control and equal governance” with his key partner, Claire Lake Capital Investment Firm.
Boehly owns Chelsea’s controlling company, but will work closely with Clearlake co-founders Behdad Eghbali and Jose Feliciano.
– ‘Even more success’ –
Swiss billionaire Hansjorg Wyss and US tycoon Mark Walter are other key members of the consortium.
“We are excited to continue Chelsea’s significant role in English and world football and to provide resources as an engine for the development of football talent,” Agbali and Feliciano said in a joint statement.
“We would also like to thank the authorities for their work throughout the process.
“As a sports and media investment pioneer, we are excited to partner with Todd and the rest of the consortium to significantly grow the club as a global platform.
“Together, we will expand the club’s investment in infrastructure, technology and sports science to support incredible Chelsea football and business teams – all with the goal of benefiting from this development on the field.” We want to build on that. “
Boehly’s arrival in West London will mark the turning point in Chelsea’s significant change from Abramovich-led Under Achievers to Serial Winner.
Significantly, the completion of the takeover should provide financial support to Blues boss Thomas Tochl to challenge Premier League champions Manchester City.
Chelsea finished third in the Premier League this season, ensuring they could qualify for next season’s Champions League.
Tuchel also reached the FA Cup and League Cup finals – losing both matches to Liverpool on penalties – and winning the Club World Cup and UEFA Super Cup.
Chelsea were unable to sign players or offer contracts to current stars due to restrictions on Abramovich.
After Abramovich’s plan to rebuild Chelsea’s stadium several years ago was thwarted, the new owners are determined to invest in “key areas that will enhance Chelsea’s competitiveness, including the reconstruction of Stamford Bridge”. Will “
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