BlueCo 22 Holdings completed its acquisition of Chelsea Football Club on May 30, 2022, ending Roman Abramovich's 19-year ownership. The sale was conducted under extraordinary circumstances, with the UK government requiring that all proceeds be directed to humanitarian causes related to the Ukraine conflict.
Since the takeover, BlueCo has embarked on one of the most aggressive spending campaigns in football history. The ownership group has invested over 1 billion GBP on player transfers in their first three years, signing dozens of players on long-term contracts. This spending spree has drawn both praise for ambition and criticism for its scale and effectiveness.
The managerial position has seen significant turnover under BlueCo's ownership. Thomas Tuchel was dismissed in September 2022, followed by Graham Potter (dismissed April 2023), and Mauricio Pochettino (departed June 2024). Enzo Maresca was appointed as manager ahead of the 2024-25 season.
BlueCo has also announced plans for the redevelopment of Stamford Bridge, Chelsea's historic home ground in Fulham, West London. The stadium project is part of the 1.75 billion GBP investment commitment made at the time of the acquisition. The ownership group has also invested in Chelsea's women's team, which has become one of the leading clubs in the Women's Super League.
Beyond Chelsea, BlueCo has expanded into multi-club ownership, acquiring RC Strasbourg Alsace in France's Ligue 1 in 2023, creating a network of clubs across European football.