Business
UK Fans Worry American Owners Will Tarnish Their Football
More than half of English Premier League clubs will soon be backed by US money. That has fans worried.
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Chelsea FC’s new owner-in-waiting, Todd Boehly, an American financial and media executive, had to charm sporting and political power brokers earlier this year to triumph in one of the most fiercely contested takeovers in the history of football. Pressure on Chelsea’s Russian oligarch owner, billionaire Roman Abramovich, to sell the team to comply with sanctions stemming from the Ukraine invasion suddenly fulfilled the American’s yearslong dream to own the club. Now comes the real challenge: winning trophies without breaking the bank.