Chelsea’s £4.25bn sale to a consortium led by American investor Todd Boehly and private equity firm Clearlake Capital has been completed.
Boehly said that he was “honoured” and “wanted to make fans proud”. The consortium fought off 11 serious rivals to become the new owners, in a sale process that started on 2 March and comprised more than 250 enquiries.
The club was put up for sale in March before previous owner Roman Abramovich was sanctioned over his links to Russian president Vladimir Putin.
Chelsea had been operating under a special government license which would have expired on 31 May.
Abramovich bought Chelsea for £140m in 2003 and under his ownership, the club won every major trophy.
The trophies include two Champions Leagues, five Premier Leagues, five FA Cups, two Europa Leagues and three EFL Cups.
In August 2021 they won the Uefa Super Cup and in February their first Club World Cup.
Abramovich has appointed 13 managers and the club has spent more than £2bn in the transfer market under his ownership.
Chelsea’s women’s team, who became affiliated to Chelsea FC in 2004, have won five Women’s Super League titles and four FA Cups under Abramovich.