Thomas Tuchel is set to be handed £200m by Chelsea’s new owners after the government approved the £4.25bn Todd Boehly-led consortium takeover at Stamford Bridge.
Chelsea’s takeover has finally been approved after months of negotiations, with the UK government having received assurances that Roman Abramovich will not receive proceeds from the sale after the sanctions placed on the Russian billionaire.
Boehly, a co-owner of the LA Dodgers, has promised £1.75bn of investment as part of the takeover bid and the Times are reporting that Thomas Tuchel will be handed significant funds to invest in the squad this summer.
Chelsea’s new owners are prepared to back the owner as the West Londoners look to close the gap to Manchester City and Liverpool and will provide £200m worth of funds to spend on new additions.
Defensive additions are required with both Antonio Rudiger and Andreas Christensen set to leave on free transfers, whilst new contracts will be offered to academy products Reece James and Mason Mount.
After the Premier League confirmed the American-based consortium had passed their owners’ and directors’ test on Tuesday, the government approved the takeover in a statement on Wednesday.
“Late last night the UK Government reached a position where we could issue a licence that permits the sale of Chelsea Football Club,” a statement read.
“Following the sanctioning of Roman Abramovich, the government has worked hard to ensure Chelsea Football Club has been able to continue to play football. But we have always been clear that the long-term future of the club could only be secured under a new owner.
“Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual.”