New Chelsea owner Todd Boehly, right, with chairman Bruce Buck at Stamford Bridge during the match against Wolves on Saturday, May 7, 2022. AP
New Chelsea owner Todd Boehly, right, with chairman Bruce Buck at Stamford Bridge during the match against Wolves on Saturday, May 7, 2022. AP
Todd Boehly, centre, at Stamford Bridge during the match against Wolves. Getty
Todd Boehly, centre, at Stamford Bridge during the match against Wolves. Getty
Chelsea's Romelu Lukaku, left, celebrates scoring against Wolverhampton Wanderers at Stamford Bridge on May 7, 2022. PA
Chelsea's Romelu Lukaku, left, celebrates scoring against Wolverhampton Wanderers at Stamford Bridge on May 7, 2022. PA
Conor Coady of Wolverhampton Wanderers after scoring the late equaliser against Chelsea at Stamford Bridge. Getty
Conor Coady of Wolverhampton Wanderers after scoring the late equaliser against Chelsea at Stamford Bridge. Getty
Chelsea's striker Romelu Lukaku, left, after scoring the second goal against Wolverhampton Wanderers at Stamford Bridge. AFP
Chelsea's striker Romelu Lukaku, left, after scoring the second goal against Wolverhampton Wanderers at Stamford Bridge. AFP
Chelsea's Romelu Lukaku scores his side's first goal of the game from the penalty spot. PA
Chelsea's Romelu Lukaku scores his side's first goal of the game from the penalty spot. PA
Chelsea's Romelu Lukaku scored both the goals for his team. Reuters
Chelsea's Romelu Lukaku scored both the goals for his team. Reuters
Chelsea's new owner Todd Boehly, centre, celebrates Romelu Lukaku's goal. Reuters
Chelsea's new owner Todd Boehly, centre, celebrates Romelu Lukaku's goal. Reuters
Chelsea's new owner Todd Boehly celebrates the team's first goal, which was disallowed following a VAR review. AFP
Chelsea's new owner Todd Boehly celebrates the team's first goal, which was disallowed following a VAR review. AFP
Chelsea's manager Thomas Tuchel. EPA
Chelsea's manager Thomas Tuchel. EPA
Wolverhampton Wanderers' Francisco Trincao scores at Stamford Bridge. PA
Wolverhampton Wanderers' Francisco Trincao scores at Stamford Bridge. PA

Sport

Football

Todd Boehly '100 per cent in' after completing Chelsea takeover

Consortium led by US tycoon finalised purchase of Premier League club on Monday

The National

May 30, 2022

  • English
  • Arabic

Chelsea are officially under new ownership as Todd Boehly completed his £4.25billion ($5.3bn) purchase of the Stamford Bridge club on Monday.

Los Angeles Dodgers co-owner Boehly had earlier agreed to purchase the Premier League team, ending Roman Abramovich’s ownership tenure after 19 years.

The London club was put up for sale before Abramovich was sanctioned over his links to Russian president Vladimir Putin.

After a number of bids were rejected, Chelsea agreed to a deal with the consortium that included Boehly, Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss, and funding from private equity firm Clearlake Capital.

The 48-year-old US tycoon's consortium finally took over at Stamford Bridge on Monday, having completed the record sports franchise purchase. Boehly's team fought off serious rivals to become the new Chelsea owners, in a sale process that started on March 2.

"We are honoured to become the new custodians of Chelsea Football Club," said Boehly.

"We're all in – 100 per cent – 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."

Chelsea 2021/22 season ratings

CHELSEA END OF SEASON RATINGS: (Manager) Thomas Tuchel: 9. A Premier League title challenge may have faded amid the relentless pace of Manchester City and Liverpool but third place, the Fifa Club World Cup, and reaching both domestic finals represent a fine campaign. Even more so when he had to operate under government-imposed sanctions, and he led the club during a period of uncertainty with poise and dignity. EPA
CHELSEA END OF SEASON RATINGS: (Manager) Thomas Tuchel: 9. A Premier League title challenge may have faded amid the relentless pace of Manchester City and Liverpool but third place, the Fifa Club World Cup, and reaching both domestic finals represent a fine campaign. Even more so when he had to operate under government-imposed sanctions, and he led the club during a period of uncertainty with poise and dignity. EPA
(Goalkeepers) Edouard Mendy: 8. Another strong season for the Senegalese. There was a spell midway through the season where Mendy was unbeatable, and while he was guilty of some costly mistakes, most notably against Real Madrid, he is a key player for Chelsea. Getty
(Goalkeepers) Edouard Mendy: 8. Another strong season for the Senegalese. There was a spell midway through the season where Mendy was unbeatable, and while he was guilty of some costly mistakes, most notably against Real Madrid, he is a key player for Chelsea. Getty
Kepa Arrizabalaga: 7. Had his best season yet for Chelsea, deputising effectively while Mendy was on Afcon duty and impressing in the cups, while the Spaniard was superb in the Club World Cup semi-final. But - and it's a rather big but - his League Cup final cameo was disastrous; coming on for the shootout, Kepa didn't get anywhere near Liverpool's penalties before blazing his effort out of the stadium. PA
Kepa Arrizabalaga: 7. Had his best season yet for Chelsea, deputising effectively while Mendy was on Afcon duty and impressing in the cups, while the Spaniard was superb in the Club World Cup semi-final. But - and it's a rather big but - his League Cup final cameo was disastrous; coming on for the shootout, Kepa didn't get anywhere near Liverpool's penalties before blazing his effort out of the stadium. PA
(Defenders) Antonio Rudiger: 9. Chelsea's player of the season, the German defender was superb throughout, leading from the back with rock solid defensive displays and contributing with some goals. Gut-wrenching for Chelsea fans that he's leaving. Getty
(Defenders) Antonio Rudiger: 9. Chelsea's player of the season, the German defender was superb throughout, leading from the back with rock solid defensive displays and contributing with some goals. Gut-wrenching for Chelsea fans that he's leaving. Getty
Andreas Christensen: 6. Challenged by Tuchel at the end of the 2020/21 season to stake his claim in the first team but it was another year as a squad player, although played most of Chelsea's Champions League campaign. Had a decent enough season but his form faded after he had clearly decided to leave, and made himself unavailable for the FA Cup final. Getty
Andreas Christensen: 6. Challenged by Tuchel at the end of the 2020/21 season to stake his claim in the first team but it was another year as a squad player, although played most of Chelsea's Champions League campaign. Had a decent enough season but his form faded after he had clearly decided to leave, and made himself unavailable for the FA Cup final. Getty
Trevoh Chalobah: 7. Had a dream goalscoring Premier League debut and maintained that strong form during the early part of the season. Performances dipped towards the back end of the campaign but the Academy graduate looks set for a big future in the first team. EPA
Trevoh Chalobah: 7. Had a dream goalscoring Premier League debut and maintained that strong form during the early part of the season. Performances dipped towards the back end of the campaign but the Academy graduate looks set for a big future in the first team. EPA
Malang Sarr: 6. After spending last season on loan at Porto, got his chance in the Chelsea setup after the long-term injury to Ben Chilwell. Largely dependable at left centre-back and wing-back without being spectacular, although had a horror show against Luton in the FA Cup. Getty
Malang Sarr: 6. After spending last season on loan at Porto, got his chance in the Chelsea setup after the long-term injury to Ben Chilwell. Largely dependable at left centre-back and wing-back without being spectacular, although had a horror show against Luton in the FA Cup. Getty
Thiago Silva: 8. What's left to say about the ageless Brazilian? Another year older but still as classy as defenders come, the 37-year-old shows no signs of slowing down. Given the impending upheaval to Chelsea's defence this summer, the club will be delighted Silva is staying for another season. Getty
Thiago Silva: 8. What's left to say about the ageless Brazilian? Another year older but still as classy as defenders come, the 37-year-old shows no signs of slowing down. Given the impending upheaval to Chelsea's defence this summer, the club will be delighted Silva is staying for another season. Getty
Marcos Alonso: 7. Still defensively suspect when targeted one-on-one by opposition wingers but remained an attacking threat down Chelsea's left flank. Probably played more games than expected following Chilwell's injury and, overall, had a good season. Reuters
Marcos Alonso: 7. Still defensively suspect when targeted one-on-one by opposition wingers but remained an attacking threat down Chelsea's left flank. Probably played more games than expected following Chilwell's injury and, overall, had a good season. Reuters
Ben Chilwell: 7. Superb for the first three months until a cruciate ligament injury curtailed his season. Once he returns to fitness, the England international will be a major player for Chelsea. EPA
Ben Chilwell: 7. Superb for the first three months until a cruciate ligament injury curtailed his season. Once he returns to fitness, the England international will be a major player for Chelsea. EPA
Reece James: 9. How Chelsea missed the England defender during his various injury absences. Often Chelsea's most effective attacking player when at wing-back and solid when deployed in a back three, James was consistently excellent, contributing six goals and 10 assists. Getty
Reece James: 9. How Chelsea missed the England defender during his various injury absences. Often Chelsea's most effective attacking player when at wing-back and solid when deployed in a back three, James was consistently excellent, contributing six goals and 10 assists. Getty
Cesar Azpilicueta: 6. Earned plenty of praise for deflecting attention away from Kai Havertz prior to the German's Club World Cup-winning penalty. But it was generally a season of decline from the captain. Azpilicueta has started to look leggy and was guilty of several individual errors. If he stays, his leadership remains important but his game time will surely decrease next season. PA
Cesar Azpilicueta: 6. Earned plenty of praise for deflecting attention away from Kai Havertz prior to the German's Club World Cup-winning penalty. But it was generally a season of decline from the captain. Azpilicueta has started to look leggy and was guilty of several individual errors. If he stays, his leadership remains important but his game time will surely decrease next season. PA
(Midfielders) N'Golo Kante: 7. After five exemplary seasons in Chelsea blue, this was the first where Kante was below his brilliant best. Injuries were the key factor and he was a less imposing figure in midfield, particularly during the second half of the season. Still a key player for Tuchel, though. EPA
(Midfielders) N'Golo Kante: 7. After five exemplary seasons in Chelsea blue, this was the first where Kante was below his brilliant best. Injuries were the key factor and he was a less imposing figure in midfield, particularly during the second half of the season. Still a key player for Tuchel, though. EPA
Jorginho: 7. Did what he does by helping Chelsea retain possession and control midfields but too often the tempo was too slow when the Italian was on the pitch and dictating play. Played well in the FA Cup final, to be fair, but as he enters the final year of his contact, Tuchel will need to decide whether he renews and stays or it's time to move on. AFP
Jorginho: 7. Did what he does by helping Chelsea retain possession and control midfields but too often the tempo was too slow when the Italian was on the pitch and dictating play. Played well in the FA Cup final, to be fair, but as he enters the final year of his contact, Tuchel will need to decide whether he renews and stays or it's time to move on. AFP
Mateo Kovacic: 8. Once again Chelsea's standout central midfielder and he was sorely missed during a six-week injury and Covid absence. The Croatian provides so much all-round quality to the Blues midfield. Scored their goal of the season, too, with a stunner against Liverpool. EPA
Mateo Kovacic: 8. Once again Chelsea's standout central midfielder and he was sorely missed during a six-week injury and Covid absence. The Croatian provides so much all-round quality to the Blues midfield. Scored their goal of the season, too, with a stunner against Liverpool. EPA
Saul Niguez: 3. Arrived on a season-long loan from Atletico Madrid with the intention of adding a new dimension to the Chelsea midfield with his pace, skill, and eye for goal. Instead, Saul barely featured after clearly struggling to adapt to the pace of English football. It's a shame because there's no doubt he's a major talent. Reuters
Saul Niguez: 3. Arrived on a season-long loan from Atletico Madrid with the intention of adding a new dimension to the Chelsea midfield with his pace, skill, and eye for goal. Instead, Saul barely featured after clearly struggling to adapt to the pace of English football. It's a shame because there's no doubt he's a major talent. Reuters
Ruben Loftus-Cheek: 7. Climbed the midfield pecking order this season and rewarded Tuchel with some fine performances, mixed in with some frustratingly quiet displays. There is a nagging sense that there's still much more to come. Reuters
Ruben Loftus-Cheek: 7. Climbed the midfield pecking order this season and rewarded Tuchel with some fine performances, mixed in with some frustratingly quiet displays. There is a nagging sense that there's still much more to come. Reuters
Ross Barkley: 5. Limited to six league appearances and 14 in all competitions, making just four starts, Barkley is nowhere near Tuchel's plans and will likely be heading for the exit this summer. His last contribution looks set to be the final day winner against Watford. Getty
Ross Barkley: 5. Limited to six league appearances and 14 in all competitions, making just four starts, Barkley is nowhere near Tuchel's plans and will likely be heading for the exit this summer. His last contribution looks set to be the final day winner against Watford. Getty
Mason Mount: 9. A player who will always have his detractors, despite a mountain of evidence to support his quality. The England midfielder was Chelsea's best and most consistent attacking threat this season, contributing to 29 goals (13 scored, 16 assisted) across all competitions. One of the first tasks for the new owners should be to tie Mount down to a big, fat long-term contract. PA
Mason Mount: 9. A player who will always have his detractors, despite a mountain of evidence to support his quality. The England midfielder was Chelsea's best and most consistent attacking threat this season, contributing to 29 goals (13 scored, 16 assisted) across all competitions. One of the first tasks for the new owners should be to tie Mount down to a big, fat long-term contract. PA
(Forwards) Kai Havertz: 7. Another major final winner from the German, this time at the Club World Cup, and he has definitely found a higher and more consistent level than his stop-start debut season. Still, for all his talent, there were a few too many anonymous displays. A top player, though. Getty
(Forwards) Kai Havertz: 7. Another major final winner from the German, this time at the Club World Cup, and he has definitely found a higher and more consistent level than his stop-start debut season. Still, for all his talent, there were a few too many anonymous displays. A top player, though. Getty
Hakim Ziyech: 6. Either the best player on the pitch or a ghost, it was a frustratingly inconsistent season from the Moroccan winger. There was a spell at the start of the year when he scored three games in a row and it appeared the code had been cracked, but he was unable to maintain the form for the rest of the season. Getty
Hakim Ziyech: 6. Either the best player on the pitch or a ghost, it was a frustratingly inconsistent season from the Moroccan winger. There was a spell at the start of the year when he scored three games in a row and it appeared the code had been cracked, but he was unable to maintain the form for the rest of the season. Getty
Christian Pulisic: 5. An ankle injury at the start of the season seemed to kill the momentum he built from his superb end to the previous campaign, and the American never really got going. Popped up with some important goals but his contribution was below-par for a player who should have a key attacking role. Getty
Christian Pulisic: 5. An ankle injury at the start of the season seemed to kill the momentum he built from his superb end to the previous campaign, and the American never really got going. Popped up with some important goals but his contribution was below-par for a player who should have a key attacking role. Getty
Callum Hudson-Odoi: 6. Contributed in parts during the first half of the campaign before an achilles injury ended his season early. Still only 21 and has a lot more to offer in the years to come but will need a run in the first team when he returns to fitness. AFP
Callum Hudson-Odoi: 6. Contributed in parts during the first half of the campaign before an achilles injury ended his season early. Still only 21 and has a lot more to offer in the years to come but will need a run in the first team when he returns to fitness. AFP
Romelu Lukaku: 4. The 'final piece of the jigsaw' felt more like square peg, round hole for most of the season. Lukaku looked like he would run riot on his return to Chelsea after a strong start but a goal drought, followed by injury, followed by an explosive interview saw the Belgian spend more time on the bench than on the pitch. Scored twice in two games to help Chelsea win the Club World Cup, and found some form at the end of the campaign to suggest his best can be rediscovered - if he's still there after the summer. AFP
Romelu Lukaku: 4. The 'final piece of the jigsaw' felt more like square peg, round hole for most of the season. Lukaku looked like he would run riot on his return to Chelsea after a strong start but a goal drought, followed by injury, followed by an explosive interview saw the Belgian spend more time on the bench than on the pitch. Scored twice in two games to help Chelsea win the Club World Cup, and found some form at the end of the campaign to suggest his best can be rediscovered - if he's still there after the summer. AFP
Timo Werner: 6. The German is a firm fan favourite for his committed displays, and his pace and direct running continued to cause opposition defences problems. Still not enough end product, though, and the goalscoring problems have continued. PA
Timo Werner: 6. The German is a firm fan favourite for his committed displays, and his pace and direct running continued to cause opposition defences problems. Still not enough end product, though, and the goalscoring problems have continued. PA

Boehly, the CEO of investment firm Eldridge Industries, has experience of being a part-owner of major sports teams. He owns 20 per cent of Major League Baseball franchise LA Dodgers and last year acquired a 27 per cent stake in NBA team Los Angeles Lakers. He is also part-owner of WNBA team Los Angeles Sparks.

Russian-Israeli billionaire Abramovich's 19-year tenure as Chelsea owner has thus come to an end. He oversaw a successful period, changing the face of English football forever with his major investment and drive for success.

Chelsea had been operating under a special license issued by the UK government since Abramovich's assets were frozen in March and it was set to expire on May 31.

The club said they had received more than 250 enquiries from proposed purchasers, adding that 32 confidentiality agreements had been reached with interested parties.

They eventually received 12 credible bids, which were narrowed down to four before the Boehly-led consortium was chosen as the preferred bidder.

Abramovich bought the club in 2003 for a reported £140 million ($177.21 million), with his investment resulting in the most successful era in their history as they won five Premier League titles, five FA Cups and the Champions League twice.

Abramovich officially put the club up for sale on March 2, amid Russia's invasion of Ukraine. The UK government then sanctioned Abramovich on March 10, claiming to have proven his links to Putin.

Clearlake Capital co-founders Behdad Eghbali and Jose Feliciano expressed their delight at pulling off the deal for Chelsea, and pointed to a bright future.

"We are excited to commit the resources to continue Chelsea's leading role in English and global football, and as an engine for football talent development," said Eghbali and Feliciano in a joint statement.

"We also want to thank the authorities for all their work throughout the process.

"As pioneers in sports and media investing, we are thrilled to partner with Todd and the rest of the consortium to meaningfully grow the club as a global platform.

"Together, we will expand the club's investment across infrastructure, technology, and sports science to support the incredible Chelsea football and commercial teams – all with the goal of leveraging this growth to fuel even more on-pitch success."

The completion of the sale now allows Chelsea to renew transfer activity as well as permit players to sign new contracts, which was prohibited as part of the sanctions imposed. It will also allow manager Thomas Tuchel to breathe easier after the distraction of the sale affected their recent campaign.

Chelsea finished third in the recently concluded Premier League season. They lost to Liverpool in the FA Cup and League Cup finals, while they were knocked out of the Champions League in the quarter-finals by eventual champions Real Madrid.

World Sevens Series standing after Dubai

1. South Africa
2. New Zealand
3. England
4. Fiji
5. Australia
6. Samoa
7. Kenya
8. Scotland
9. France
10. Spain
11. Argentina
12. Canada
13. Wales
14. Uganda
15. United States
16. Russia

You may remember …

Robbie Keane (Atletico de Kolkata) The Irish striker is, along with his former Spurs teammate Dimitar Berbatov, the headline figure in this season’s ISL, having joined defending champions ATK. His grand entrance after arrival from Major League Soccer in the US will be delayed by three games, though, due to a knee injury.

Dimitar Berbatov (Kerala Blasters) Word has it that Rene Meulensteen, the Kerala manager, plans to deploy his Bulgarian star in central midfield. The idea of Berbatov as an all-action, box-to-box midfielder, might jar with Spurs and Manchester United supporters, who more likely recall an always-languid, often-lazy striker.

Wes Brown (Kerala Blasters) Revived his playing career last season to help out at Blackburn Rovers, where he was also a coach. Since then, the 23-cap England centre back, who is now 38, has been reunited with the former Manchester United assistant coach Meulensteen, after signing for Kerala.

Andre Bikey (Jamshedpur) The Cameroonian defender is onto the 17th club of a career has taken him to Spain, Portugal, Russia, the UK, Greece, and now India. He is still only 32, so there is plenty of time to add to that tally, too. Scored goals against Liverpool and Chelsea during his time with Reading in England.

Emiliano Alfaro (Pune City) The Uruguayan striker has played for Liverpool – the Montevideo one, rather than the better-known side in England – and Lazio in Italy. He was prolific for a season at Al Wasl in the Arabian Gulf League in 2012/13. He returned for one season with Fujairah, whom he left to join Pune.

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UAE cricketers abroad

Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.

Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.

Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.

Major honours

ARSENAL

  • FA Cup - 2005

BARCELONA

  • La Liga - 2013
  • Copa del Rey - 2012
  • Fifa Club World Cup - 2011

CHELSEA

  • Premier League - 2015, 2017
  • FA Cup - 2018
  • League Cup - 2015

SPAIN

  • World Cup - 2010
  • European Championship - 2008, 2012
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Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

NBA Finals so far

(Toronto lead 3-1 in best-of-seven series_

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

Updated: May 30, 2022, 5:46 PM
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