Chelsea reach definitive deal to sell to Boehly-led consortium Football News

The sale of the club will be completed on Monday following a deal with a consortium led by part-owner of the Los Angeles Dodgers Todd Boley.

Chelsea say it has reached a final deal to sell the Premier League club to a consortium led by part owner of the Los Angeles Dodgers Todd Burley And backed by Clearlake Capital.

The acquisition is expected to close on Monday.

The consortium won a bid to take over the London side earlier this month, with the Premier League and UK government Sales continued this week.

“Chelsea Football Club can confirm that a final and final agreement was reached last night to sell the club to the Todd Boehly/Clearlake Capital consortium,” the club said in a statement on Saturday.

“The transaction is expected to be completed on Monday. Further updates from the club will be made at that time.”

Russian owner Roman Abramovich put the club up for sale in early March. Russia invades Ukrainewhich Moscow calls “special military operations.”

The sale also requires approval from the Portuguese government after Abramović became a Portuguese citizen last year and was sanctioned by the European Union.

Chelsea have been operating under a special licence issued by the UK government since Roman Abramovich took office assets are frozen In March, it was due to expire on May 31.

Although the consortium is led by Boehly, California-based private equity firm Clearlake Capital will own the majority of the club.

Other investors include American billionaire Mark Walter, who is the co-owner of Boley in the Dodgers, and Swiss billionaire Hans Jorgwiss.

Completion of the sale would allow Chelsea to renew transfer activity and allow players to sign new contracts, which were banned as part of the imposition of sanctions.

Abramovich bought the club in 2003 and helped Chelsea become a dominant force in English football, leading them to five Premier League titles, five FA Cups and two Champions Leagues during his reign trophy.

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