Premier League giants Chelsea have finally named Todd Boehly as the new owner of the Stamford Bridge side taking over from embattled Russian billionaire Roman Abramovich. Roman Abramovich was frustrated by the UK Government to lose the ownership of the Premier League side due to the disturbing attack and invasion of Russia over Ukraine.

The United Kingdom Government are of the say that Roman Abramovich has close ties with those ruling Russia.

Who is Todd Boehly?

Todd Boehly is an American businessman, investor, and philanthropist who is the co-founder, chairman, chief executive officer and controlling member of Eldridge Industries, a holding company headquartered in Greenwich, Connecticut.

As of October 2021, he is the interim CEO of the Hollywood Foreign Press Association.

Statement from Chelsea below

“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.

“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.”