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Football London
Football London
Sport
Lewis Pangratiou

Todd Boehly makes Chelsea vs Wolves decision after agreeing takeover of the club

Chelsea's new owner Todd Boehly is expected to be in the stands today for Chelsea's clash with Wolves, according to reports.

The Blues have confirmed that terms have been agreed for a new ownership group, with the consortium led by Boehly set to takeover the club. A statement on the club's website 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.

"Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100% to charitable causes as confirmed by Roman Abramovich. UK Government approval will be required for the proceeds to be transferred from the frozen UK bank account.

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