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Football London

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Josh Holland

Chelsea owners Clearlake Capital make announcement about takeover

Chelsea Clearlake Clearlake Capital Todd Boehly Graham Potter Christian Pulisic

Clearlake Capital's £4.25bn investment to purchase Chelsea football club has been named Deal of the Year in the Private Equity International 2022 Awards.

The deal, led by U.S billionaire Todd Boehly and the private equity firm, was completed at the end of May after two months of uncertainty. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine.

It is said that the consortium fended off competition from 11 serious rivals to acquire the club. Since the deal was completed, Chelsea have spent £600million in the past two transfer windows, replaced Thomas Tuchel with Graham Potter and reinstated plans to develop Stamford Bridge.

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