Todd Boehly-led consortium will own football giants Chelsea

Todd Boehly

Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy the Premier League club in a $5.2 billion deal.

Owner Roman Abramovich put Chelsea on the market in early March, just days before he was sanctioned by the British government following Russia's invasion of Ukraine. After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing the sale.

Boehly's consortium includes a fellow co-owner of the Dodgers baseball franchise, Mark Walter, Swiss billionaire Hansjoerg Wyss and US investment firm Clearlake Capital.

"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 acquire the club," they said in a statement. Meanwhile, Conor Coady struck deep into time added on to snatch a 2-2 draw for Wolverhampton Wanderers away at Chelsea. Romelu Lukaku scored a brace for Chelsea.

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