Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Football London
Football London
Sport
Danyal Khan

Chelsea takeover: Todd Boehly has said what to expect from him amid UK government decision

Next Chelsea owner Todd Boehly has already told Blues supporters that his aim when running a sporting organisation is to win, with the UK Government set to approve his takeover of the club from Roman Abramovich.

The Blues' owner confirmed his decision to sell the club back in March in a statement he released right before the Blues' FA Cup tie against Luton Town.

Boehly and Wyss have been the front runners for some time amid bids the likes of Jim Ratcliffe and Stephen Pagliuca, and the pair collaborated together to start talks to buy the £3billion valued outfit.

READ MORE: UK Government set to give Todd Boehly and Chelsea takeover green light amid deadline

Wyss, speaking to Blick, originally said that he was forming a consortium with three American businessmen though there were doubts of the exact asking price as Abramovich seeks to end his 19 years in charge of the club.

Boehly, the founder and CEO of investment firm Eldridge Industries, owns stakes in the baseball club LA Dodgers and the basketball franchise LA Lakers, and had a takeover bid rejected by Abramovich in 2019. Reports at the time said he was willing to pay $3billion (£2.25billion) to purchase the West London club.

He has previously been linked with a takeover of Tottenham Hotspur and has placed on record his desire to own a Premier League team. Wyss, who lives in the United States, and Boehly have previously done business together through Eldridge and it has been revealed that the pair have a combined net worth value of around £7.45bn, which is a figure that blows other competitors out of the water.

And Boehly has already given Chelsea supporters a taste of his mentality when it comes to his role in sports.

The initial fears from the Chelsea faithful regarding American ownership is how things have unfolded with the Glazers at Man United, the Kroenke family at Arsenal and FSG at Liverpool.

All the three aforementioned ownership structures operate largely on the business side of things whilst Abramovich's main aim was to spend in a way that would lead to an eventual sustainable model, and more importantly silverware that has been shown with the 21 trophies won since his takeover in 2003.

But Boehly says that his main aim in sport is to win and build passion among supporters.

"The opportunity we had with the Dodgers was really about part-ownership with Los Angeles, how are we going to win, how are we going to drive championships and how are we going to build passion," he has said in the past via The Telegraph.

"If you look at what the Premier League offers, it’s all of those things."

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.