Todd Boehly, Clearlake Capital, a private equity firm, Mark Walter and Hansjoerg Wyss completed the acquisition of Chelsea Football Club from Roman Abramovich for £4.25bn ($5.25bn). Of the total investment, £2.5bn will be used to buy the shares in Chelsea and that money will be distributed to charity. The remaining £1.75bn is earmarked for investment in the club, including its stadium and women’s team. On April 29, 2022, Jim Ratcliffe offered to acquire Chelsea FC from Roman Abramovich for £4.25bn. On May 25, 2022, UK approves sale of Chelsea FC to US investor Todd Boehly.