Chelsea new owner: Todd Boehly net worth, sports teams
An investor group led by LA Dodgers part owner Todd Boehly is taking over Chelsea from Roman Abramovich, the Russian oligarch who served as owner of the Premier League club since 2003.
American billionaire Boehly and his Clearlake Capital consortium officially completed the takeover in a deal worth $5.25 billion (£4.25 billion) on Monday, May 30, making it the most expensive team transaction in professional sports.
Chelsea announced on Saturday that "a final and definitive agreement" had been reached to sell the club, meaning the the last hurdle in the long-running saga has been cleared.
Boehly, a 46-year-old American businessman, is worth around $4.5 billion, according to Forbes.
From Bethesda, Maryland, the grandson of German immigrants made his money in investments and was the president of Chicago financial services firm Guggenheim Partners.
Today he is the co-founder, CEO and chairman of Eldridge Industries, a private investment firm which makes investments across many different sectors.
He also has a minority stake in the legendary NBA basketball team LA Lakers and the Sparks, with his ownership group alongside Mark Walters buying a 27 percent stake in the organization.
Boehly made an attempt to buy Chelsea back in 2019, offering $3 billion at the time, but the offer was rejected by Abramovich.