Chelsea's board of directors have confirmed the deal for Todd Boehly and his consortium backed by Clearlake Capital to take over the club has now been completed.
It has already been confirmed on Saturday that a "final and definitive agreement" had been reached on the sale of Chelsea to the Boehly-led consortium – and that it would be finalised on Monday with the transaction of the club. That has now taken place and a statement has been released on the Blues' website. The Chelsea board of directors - which includes the likes of Bruce Buck and Marina Granovskaia - gave an overview of the entire process and why Boehly and his consortium were the best option for the club to take over the reins from Roman Abramovich.
The full statement on Monday, May 30 read: "Roman Abramovich has completed the sale of Chelsea Football Club and related companies to an investment group led by Todd Boehly and Clearlake Capital. This sale process commenced on 2 March, when Mr. Abramovich announced his intention to sell the club after 19 successful years of ownership. In selling the club, Mr. Abramovich stipulated that the new owner must be a good steward of the club, the net proceeds of the sale must be donated to charity, and that he would not seek the repayment of loans made to affiliates of the club.
