Chelsea Football Club will be under new ownership from Monday after the consortium led by the U.S. billionaire Todd Boehly reached a definitive agreement to complete its £4.25billion takeover from Roman Abramovich.
A statement released by the club reads: "Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the Club to the Todd Boehly/Clearlake Capital consortium. It is expected that the transaction will be completed on Monday. The Club will update further at that time."
It was at the start of March, and just a week after Russia's invasion of Ukraine, that Abramovich made the shock decision to put Chelsea up for sale after 19 years as owner. Eight days later, he was sanctioned by the UK government, which issued Chelsea a special licence to continue operating day-to-day.
