Todd Boehly’s consortium achieved a record takeover of Chelsea in May… but that record is about to be broken by America’s wealthiest family
Chelsea are on the verge of losing their tag as the most expensive sports team in history with the NFL’s Denver Broncos on the verge of being sold.
A consortium led by US businessman Todd Boehly completed a takeover of the Blues in May, worth £4.25billion. The new owners have paid £2.5bn to take over the Premier League club and have pledged to invest a further £1.75bn in its infrastructure.
The deal makes Chelsea the most expensive sports team in history, although they are set to lose that impressive tag imminently. The Broncos are set to be bought by Rob Walton – an heir to the Walmart fortune – for a whopping $4.5bn (around £3.6bn).
Zuma Press/PA Pictures)
As reported by Forbes, Walton, 77, is expected to win the NFL franchise bid. The offer is backed by her daughter Carrie and her husband Greg Penner. The Walton family are America’s richest family, with Rob reportedly worth $59.1bn (around £47.1bn).
The Broncos are one of the most successful NFL teams in history, winning three of their eight Super Bowl appearances. They have also reached the play-offs 22 times, although they haven’t challenged for the Super Bowl since their last triumph in 2015.
Boehly had expressed an initial interest in buying the Broncos and moved into a second phase with four other parties in late April, sources familiar with the process say, but that hasn’t progressed to more serious consideration as he has unfolded in conjunction with the bid to buy the Premier League club.
USA Today Sports/Reuters)
Josh Harris, the Crystal Palace co-owner who was also one of three finalists to take over at Stamford Bridge, was also among five to have been linked with the NFL franchise takeover.
Chelsea, meanwhile, are hoping to maintain their success following the takeover of Boehly in May. The Blues have won the Champions League, UEFA Super Cup and Club World Cup since Thomas Tuchel was appointed manager in January 2021. They have also reached the FA Cup and EFL Cup finals , losing both games on penalties to Liverpool.
Chelsea were put up for sale in March when ex-owner Roman Abramovich was sanctioned for his links to Vladimir Putin, which he denies. Putin’s Russia invaded Ukraine in February and a devastating war in Eastern Europe has been raging ever since.
The sanctions meant that the Blues could not operate at full capacity, as the British government had granted them a special license to operate. They were unable to secure new player contracts and their revenue streams were capped to prevent Abramovich from profiting from them.
These sanctions no longer have an impact on Chelsea and the Boehly consortium has promised to invest in the club. “We’re all 100% every minute of every game,” Boehly said after the takeover was complete.
“Our vision as owners is clear: we want to make the fans proud. Alongside our commitment to developing the youth team and acquiring the best talent, our action plan is to invest in the club for the long term. and to build on Chelsea’s remarkable history of success.”