Chelsea have confirmed that Todd Boehly’s consortium have reached an agreement to acquire the club from Roman Abramovich. However, the proposed deal must be approved by the UK government and the Premier League before it can be completed.
Boehly’s bid fought off competition from Sir Jim Ratcliffe and other parties headed by Stephen Pagliuca and Sir Martin Broughton respectively to secure the purchase of the west London club. The Sale is expected to go through by the end of May, almost three months after Abramovich put the Blues up for sale in the wake of sanctions placed upon him by the government after Russia’s invasion of Ukraine.
A statement on the club’s website confirmed the details and timeline of the successful bid.
