Roman Abramovich bid farewell to Chelsea over the weekend after Todd Boehly was given the final green light to complete his takeover of the Premier League club. Approval has been granted for the American investor, who co-owns MLB giants the Los Angeles Dodgers, to buy the Stamford Bridge outfit three months after Abramovich made the surprise decision to sell up.
In a statement on Saturday, Chelsea wrote: “Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the Club to the Todd Boehly/Clearlake Capital consortium. It is expected that the transaction will be completed on Monday. The Club will update further at that time.”
It is believed that Boehly’s consortium has agreed to buy the club for £4.25bn.
Now, with Abramovich having said his goodbyes, Chelsea fans are no doubt eager to see what Boehly does with the club and if he is able to maintain Chelsea’s status as one of the best clubs in England.
To do so, Boehly will need to pump a decent amount of cash into the club. And things look to be getting off to a bright start as reports over the last week or so claim as much as £200m could be available to Thomas Tuchel this summer.
But just how much is Boehly worth?
Well, according to Forbes, Boehly has a net worth of $4.5bn.
Also, for those wondering where the new Chelsea boss got some of his money from, Forbes report that Todd Boehly cofounded investment firm Eldridge Industries in 2015, after building Guggenheim Partners’ credit business and serving as president.
Boehly acquired some of Eldridge’s first assets from Guggenheim, including insurer Security Benefit, which provides deal financing to this day.
Boehly also ranks 637th on Forbes’ list of billionaires.
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