Chelsea have confirmed that the consortium led by Todd Boehly bidding to take control of the club has signed an agreement to acquire it from Roman Abramovich.
The American billionaire, who is co-owner of baseball team LA Dodgers, has finalised terms to buy the club along with his partners Clearlake Capital, Mark Walter and Hansjorg Wyss. The deal has been revealed to be worth £4.25billion — a record amount for a sports franchise — after the west London club issued a statement in the early hours of Saturday morning.
It read: “Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.