After a 12-week saga and with four days left before the expiration of the government's operating licence, the takeover of Chelsea Football Club has been agreed by a group led by US businessman Todd Boehly and is expected to be completed on Monday.
On Tuesday night, the Premier League and government gave the go ahead for the Boehly group, which will be predominantly financed by the Clearlake Capital investment firm, to replace sanctioned Russian oligarch Roman Abramovich.
Authorities in Portugal, where Abramovich holds citizenship, gave the green light early Thursday morning and now the club have finally confirmed that the £4.25billlion deal has been finalised.
