Todd Boehly has detailed his consortium's "vision" for Chelsea Football Club after the takeover was finally announced. The American and Clearlake Capital's consortium are now the new ownership group of Chelsea.
A statement from Boehly read: "We are honoured to become the new custodians of Chelsea Football Club. We’re all in – 100% -- every minute of every match.
"Our vision as owners is clear: we want to make the fans proud. Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the Club for the long term and build on Chelsea’s remarkable history of success. I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen."
READ MORE: Chelsea takeover finally complete as Todd Boehly era begins at Stamford Bridge
This brings Roman Abramovich's 19-year spell as Chelsea owner to an end. A statement from the club read: "Roman Abramovich has completed the sale of Chelsea Football Club and related companies to an investment group led by Todd Boehly and Clearlake Capital.
"This sale process commenced on 2 March, when Mr. Abramovich announced his intention to sell the Club after 19 successful years of ownership. In selling the Club, Mr. Abramovich stipulated that the new owner must be a good steward of the Club, the net proceeds of the sale must be donated to charity, and that he would not seek the repayment of loans made to affiliates of the Club.
"Following this announcement, the Board of Directors and senior staff at the Club immediately commenced work on the sale transaction. Raine, a global merchant bank chosen by the owner to run the sale process, has significant expertise and experience advising premium sports clubs on mergers and acquisitions and advised the owner and the Club in the process."
