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 £4.25 billion ($5.2 billion) deal. 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 is expected to attend the Premier League clash with Wolves at Stamford Bridge on Saturday. The sale of the European champions brings the curtain down on 19 years of nearly unbroken success under the 55-year-old Abramovich, who has overseen five Premier League titles and two Champions League triumphs. They suffered a painful Champions League quarter-final defeat to Real Madrid but should still seal a place in next season’s Champions League by finishing in the Premier League’s top four.

Source: Punch May 07, 2022 21:50 UTC