Roman Abramovich’s 19-year ownership of Chelsea is ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch.
There were weeks of discussions between officials from Chelsea and the government over securing the guarantee Abramovich could not gain financially. The sale proceeds will initially go into a frozen account before going to charity.
It was a hotly-contested sale process, with four groups in the final running, before Boehly’s group was chosen on May 7 after guaranteeing 1.75 billion pounds of investment in the team. Chelsea’s ability to sell match tickets and commit to new player spending has been curbed by the sanctions but now the new ownership is set to provide investment to manager Thomas Tuchel to strengthen the squad.
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