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New Chelsea owner Todd Boehly 'will start their transfer plans with heavy investment this summer as soon as his takeover is cleared' amid fears they 'are playing catch-up' after sanctions on Roman Abramovich froze the club

Incoming Chelsea owner Todd Boehly will sanction 'heavy investment' in the playing squad this summer when his takeover goes through, according to reports.

The American billionaire was officially confirmed as the successor to Roman Abramovich on Saturday and was in the stands to watch Chelsea draw 2-2 with Wolves, and he is now mapping out his transfer plans for when he is rubber-stamped as the club's next owner.

Boehly - who also owns the LA Dogers baseball team - hopes to make 'heavy investment' this summer to bolster Chelsea's transfer business, as reported by the Evening Standard, amid fears the club have been left behind after months of crippling sanctions.