Roman Abramovich issues final Chelsea statement with Todd Boehly takeover agreed
Roman Abramovich has called his 19 years as Chelsea owner an ‘honor of a lifetime’ and is confident the club is left in good hands with the Todd Boehly-led consortium set to complete its takeover of the Blues Monday.
Abramovich brought Chelsea on in the summer of 2003 and transformed the club from a cash-strapped Premier League top-four prospect into a European juggernaut. Top-flight titles have been won, domestic trophies lifted and two Champions Leagues won during the Russian’s ownership.
Yet, it wasn’t just the male side that found success. Abramovich brought on Emma Hayes and ensured she had the investment needed to make the women’s team the dominant force in English football. And the club’s academy – based at the Cobham training center which was built under Abramovich’s leadership – has proven to be one of the best in the world.
READ MORE: The Todd Boehly consortium reaches a definitive agreement on the acquisition of Chelsea
Abramovich had previously submitted offers to buy Chelsea – one of which came from Boehly in 2019 – but had never come close to selling the club. But Russia’s invasion of Ukraine in February set off a domino effect that saw the 55-year-old put the Blues up for sale on March 2.
Eight days later, Abramovich was sanctioned by the British government, who issued Chelsea a special license to continue operating day-to-day. This was due to expire on May 31 – and so began a race against time to complete the Chelsea takeover.
The sale of the club was managed by US investment bank The Raine Group, which narrowed down a number of potential bidders to a shortlist of four consortia. Boehly’s offer was then put forward and in a statement released by Chelsea this morning it was confirmed that a “final and definitive agreement” had been reached to purchase the club.
Chelsea are set to officially change hands on Monday and that will end the Abramovich era at Stamford Bridge. And the Russian has released his final statement as club owner in which he thanks past and current players, staff and Blues supporters.
The statement posted by Abramovich on Chelsea’s website reads: “It has been almost three months since I announced my intention to sell Chelsea FC. During this time the team have been working hard to find the right Custodian of Chelsea FC who would be best placed to successfully lead the Club into its next chapter.
“With ownership of this club comes great responsibility. Since I arrived at Chelsea almost twenty years ago, I have witnessed what this club can achieve. so that the next owner has a mindset that will enable success for both the men’s and women’s team, as well as the drive and drive to continue to develop other key aspects of the club, such as the Academy and the vital work of the Chelsea Foundation. I am pleased that this search has now come to fruition.
“As I hand over Chelsea to their new goalkeepers, I would like to wish them the best of success, both on and off the pitch. It has been a lifetime honor to be part of this club – I would like to thank all past and current Club players, staff, and of course the fans for these incredible years.
“I am proud that as a result of our joint successes, millions of people are now benefiting from the new charitable foundation that is being created. This is the legacy we have created together.
“Thank you. Roman.”