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Todd Boehly will attend first Chelsea game after agreeing to buy club

US ECONOMY MILKEN

Todd Boehly is set to become the new owner of Chelsea (Image: AFP via Getty Images)

Todd Boehly is set to take part in Saturday afternoon’s Premier League clash between Chelsea and Wolves, just hours after agreeing a deal to buy the Blues from Roman Abramovich.

Chelsea released an official statement in the early hours of Saturday confirming that Boehly’s consortium, which also includes Hansjörg Wyss and Mark Walter, has agreed a deal to buy the club.

The sale is still ongoing, with the statement predicting it will be completed by the end of the month, subject to Premier League and Government approval.

However, Boehly was there London on Friday to secure the deal and are expected to be at Stamford Bridge on Saturday to watch Chelsea play for the first time since the deal was struck, the Daily Mail reports.

Thomas Tuchel’s side will be looking to impress their new owner and bounce back from a disappointing loss to Everton last time out when they host Wolves in the 3pm kick-off.

Boehly, the owner of the LA Dodgers, brokered the deal along with Dodgers owner Walter, Swiss billionaire Wyss and investment firm Clearlake Capital.

Chelsea’s official statement read: “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 take over the club.

“Of the total investment made, £2.5bn will be used to purchase the club’s shares and these proceeds will be deposited into a blocked UK bank account with the intention of donating 100% to charity, as confirmed by Roman Abramovich. UK Government approval is required to transfer proceeds from the frozen UK bank account.

“In addition, the proposed new owners will set aside £1.75bn for further investment in favor of the club. This includes investments in Stamford Bridge, the Academy, the Women’s Team and Kingsmeadow, as well as continued funding for the Chelsea Foundation.

‘The sale is expected to close by the end of May, subject to all necessary regulatory approvals. Further details will be announced at this time.’

MORE: Todd Boehly signs agreement to buy Chelsea and end ownership of Roman Abrahimovich in £4billion deal

MORE: Thomas Tuchel suggests Romelu Lukaku could start for Chelsea vs Wolves

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https://metro.co.uk/2022/05/07/todd-boehly-set-to-attend-first-chelsea-game-after-agreement-to-buy-the-club-16602726/ Todd Boehly will attend first Chelsea game after agreeing to buy club

Nate Jones

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