Chelsea Doesn’t Squander Money On Signings, We’re Investing In Young Talents – Todd Boehly

Chelsea owner, Todd Boehly has come out to defend the club’s extravagant spending since his takeover. He recently insisted that they are simply investing in young talents, and fans have been reacting.

According to him, the club is not squandering the money during the transfer window, and they are only investing in youngsters who will continue to hold their value for many years.

Boehly added that he just needs the fans to be patient until the reward for the investments materializes.

His words, “We are not spending the money, we are investing the money. When we are spending, we are investing and those players continue to hold their value. I argue the investments made at Chelsea have held their value.

We’ve got to be patient. Since Boxing Day, we are the fourth best team in the Premier League. When you look at what is going on now, it feels better and better.”

WOW.

Chelsea Football Club is an English professional football club based in Fulham, West London. Founded in 1905, they play their home games at Stamford Bridge.

The club competes in the Premier League, the top division of English football. They won their first major honour, the League championship, in 1955. The club won the FA Cup for the first time in 1970, their first European honour, the Cup Winners’ Cup, in 1971, and became the third English club to win the Club World Cup in 2022.

On 7 May 2022, Chelsea confirmed that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjörg Wyss, to acquire the club. The group was later known as BlueCo.

The UK government approved the £4.25bn takeover, ending Abramovich’s 19-year ownership of the club. Bruce Buck, who served as chairman since 2003, was replaced by Boehly, while long-serving club director and de facto sporting director Marina Granovskaia left, as did Petr Čech from the role of technical and performance advisor.