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Chelsea have confirmed their £4.25billion takeover by a consortium led by American businessman Todd Boehly is complete.
After months of negotiations, the Blues have finally changed hands after previous owner Roman Abramovich put the club up for sale in March.
With the takeover finally completed, the LA Dodgers co-owner set out his grand ambitions for the West London outfit, vowing their long-term commitment to investment.
In a statement confirming the deal, Boehly said: “We are honoured to become the new custodians of Chelsea. We’re all in — 100% — every minute of every match.
“Our vision as owners is clear — we want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea’s remarkable history of success.
“I personally want to thank ministers and officials in the British Government, and the Premier League, for all their work in making this happen.”
The takeover ends months of uncertainty at Stamford Bridge after previous owner Abramovich had his assets seized by the UK Government.
It ends the Russian businessman’s 19-year ownership of the club as they look ahead to a new era in West London.
The proceeds from the sale are expected to be frozen in a bank account and put towards supporting humanitarian causes in Ukraine.
