Todd Boehly-led group to buy Chelsea FC in record $5 billion deal, but owner Roman Abramovich, a sanctioned Russian oligarch, won't profit
Business InsiderSEP 2022
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.
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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