Chelsea have seen the first sign of commitment from the Todd Boehly consortium after £100million in new shares were pumped into the club.
Boehly’s consortium officially completed their £4.25billion takeover of Chelsea on May 30 after the group beat off the competition. The drawn-out process saw the club’s ownership pass from Roman Abramovich to US businessman Boehly and a group majority-funded by private equity firm Clearlake Capital.
In their successful proposal, the new owners had promised to set aside £1.75bn to fund "investments in Stamford Bridge, the academy, the women's team and Kingsmeadow and continued funding for the Chelsea Foundation". Thomas Tuchel’s first team squad is also due major investment this summer, with the transfer window looming.
