BREAKING: Roman Abramovich’s time as owner of Chelsea football club is officially over after a £4.25 billion takeover led by Todd Boehly was finally completed on Monday.
But after extensive talks, the government received the assurances they needed with the proceeds from the sale going into a frozen bank account which will then be used for ‘humanitarian causes in Ukraine, supporting victims of the war’.
‘The ownership of this club comes with great responsibility. Since I came to Chelsea nearly 20 years ago, I have witnessed first-hand what this club can achieve. My goal has been to ensure that the next owner has a mindset that will enable success for the men’s and women’s team, as well as the will and drive to continue developing other key aspects of the club, such as the academy and the vital work of Chelsea Foundation.
Manager Thomas Tuchel is keen to move quickly and decisively in the market and has been promised significant investment from the new owners, with Abramovich demanding a commitment to invest in the club – both on and off the pitch – from his successors.
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