Saturday, August 29, 2026
The FOS App Launches September 1 Pre-save on the App Store Today

Raheem Sterling Transfer Opens Chelsea’s Todd Boehly Era

  • The Manchester City winger comes to London on a $54 million-plus-add-ons transfer fee.
  • Sterling is in line to be the club’s highest-paid player, per multiple reports.
Manchester City

Chelsea’s new ownership group, led by Todd Boehly, has made its first big transfer move.

On Wednesday, former Manchester City winger Raheem Sterling agreed personal terms on a move to Stamford Bridge with an accompanying $54 million-plus-add-ons transfer fee, per multiple reports.

While specific details of his new contract haven’t been released, the 27-year-old is in line to pass N’Golo Kante ($348,000 per week) as the club’s highest-paid player, per ESPN. Romelu Lukaku — who was previously the highest-paid — moved to Inter Milan on loan in late June.

City manager Pep Guardiola wanted to keep Sterling in Manchester, per Fabrizio Romano, but his Chelsea counterpart Thomas Tuchel had long been in touch with the explosive offensive player and was instrumental in bringing him to London.

It’s a bold strike for Boehly’s group, who took over the club in May after a highly publicized change in ownership — but Chelsea have more work to do before the summer transfer window closes on Sept. 1.

  • Key defenders Andreas Christensen (Barcelona) and Antonio Rudiger (Real Madrid) departed for La Liga on free transfers.
  • The Blues are rumored to be in on landing Cristiano Ronaldo if he leaves Manchester United in the coming weeks, per Romano.
  • Offensive players Christian Pulisic, Timo Werner, and/or Hakim Ziyech could be on the move.

The club may have attempted to cool rumors on Pulisic’s departure by including him in promotional images for the club’s new home kit, which was released Thursday.

Boehly’s Chelsea will have a lot to live up to regardless: The club finished third in the Premier League last season and were UEFA Champions League winners in 2021.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

UEFA Takes FIFA, Kushner Company to Court Over World Cup Scheme

The battle between FIFA and UEFA is heading to court.
Mark Walter, CEO of Guggenheim Partners, speaks during a reception hosted by U.S. President Donald Trump for the reigning Major League Baseball (MLB) World Series champion Los Angeles Dodgers in the Rose Garden at the White House, Washington, D.C., U.S., July 23, 2026.

Walter’s Company Says There’s No Fraud, No Victim, and No Fire Sale

TWG Global insists the Dodgers are not up for grabs.

Europe Set to Drop FIFA Boycott Ahead of Women’s U-20 World Cup

The tournament was set to be the first hit by the boycott.
Exclusive

NWSL’s Stars Will Return to Northwestern Lakeside Stadium

The NWSL club originally sought to play in the new Ryan Field.
podcast thumbnail mobile
Front Office Sports Today

A Conversation with Bengals Star Tee Higgins on Contract Negotiations, Turf & More

0:00

Featured Today

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
August 21, 2026

Why the Premier League’s Star-Power Shortage Doesn’t Matter

The world’s richest soccer league doesn’t rely on big stars to dominate.
August 12, 2026

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Joey Spallina of the Maryland Whipsnakes
August 6, 2026

How Eye Black Became ‘War Paint’ on the Field

“You’re going into battle, doing something you only do on game days.”
Jul 30, 2022; Irvine, CA, USA; A general view of the official NFL balls on the field during Los Angeles Rams training camp at University of California Irvine.

Saudi Arabia Wants to Bring American Football to the Middle East

The Middle Eastern nation wants to host major football events.
Noah Lyles (USA) wins the men’s 100m final during the Paris 2024 Olympic Summer Games at Stade de France in Saint-Denis, France, Monday, Sunday, Aug. 4, 2024.
September 22, 2025

Summer Olympics Face a Climate-Induced Heat Check

The World Athletics president says the status quo is not sustainable.
Oct 6, 2024; London, United Kingdom; British and United States flags on the field at Tottenham Hotspur Stadium.
September 29, 2025

From Dublin to London: Vikings on NFL’s First Multi-Country Road Trip

The Jaguars have previously played consecutive games in the U.K.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
January 13, 2025

Newsom Adamant About L.A. Hosting 2028 Olympics

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Paralympics Tiktok
August 25, 2024

The Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.