Soccer: Boehly-Led Group Strikes Deal To Buy Chelsea FC

    Photo: AFP [via Al Jazeera]

    The Facts

    • Chelsea FC has confirmed that they've agreed terms with MLB's LA Dodgers co-owner Todd Boehly's consortium in a deal worth £4.25B ($5.3B).

    • The deal is split into two, with £2.5B ($3.1B) being used to buy the club outright, and £1.75B ($2.2B) being committed to use on future projects at Stamford Bridge, the academy, the women's team, and other areas.

    The Spin

    Narrative A

    The acquisition by the American-led Boehly consortium highlights the growing popularity of the Premier League in the US. With there now being more US Premier League owners than UK counterparts, and a recent $2.7B deal by NBCUniversal to extend broadcasting rights for six years, the sport is seeing an American explosion.

    Narrative B

    Despite the success Roman Abramovich has brought the club, Chelsea has faced an uncertain future and had been playing on borrowed time ever since the Russian invasion of Ukraine. A dicey period has come to an end for the European champs.

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