JAKARTA - The long-awaited takeover of Chelsea Football Club has finally happened. Now many are wondering who Todd Boehly, the new owner, is.
Roman Abramovich has been the owner of the Blues since 2003, but abruptly ended in March due to British government sanctions following Russia's invasion of Ukraine.
Given that Abramovich is a Russian oligarch, he is considered to have had professional and personal involvement with Russian President Vladimir Putin. And that was enough for the British government to sanction him.
It also leaves Chelsea's future unclear. However, he is allowed to sell the club as long as no money goes into his pocket.
Finally, a consortium led by Todd Boehly and Clearlake Capital bought the club for £2.5 billion.
Who is Todd Boehly?Boehly is an American businessman best known for being the co-owner of the LA Dodgers, a famous baseball team. He is currently 48 years old and as a teenager was a star wrestler at a private college in Maryland.
Boehly won successive Interstate Athletics Conference Championships in 1990 and 1991. With the feat, the school named their gym the Boehly Family Wrestling Room in his honor.
After studying at the London School of Economics, he started working at Citibank and became very successful in the financial sector.
He makes money in the banking and investment sectors. He is the co-founder, chief executive officer, chairman and controlling member of the private investment firm Eldridge Industries.
His wealth continues to grow as he creates new projects and his income is now believed by Forbes to be worth around $4.4 billion.
In addition to the LA Dodgers, she is also a shareholder in the NBA club LA Lakers and the LA Sparks women's basketball team.
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