The Latest Breaking News from Clearlake Capital

The British government has issued a license that permits the sale of Chelsea to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital, sports minister Nadine Dorries said on Wednesday. Current owner Roman Abramovich is subject to sanctions by the British government.

The new owners are expected to be announced soon

Clearlake Capital co-founder Behdad Eghbali will work closely with Boehly and will be understood to take an active role in major financial decisions

Chelsea's new owners could be in place by the end of May after Raine Group selected their preferred bidder and an agreement was made

American billionaire Todd Boehly has been spotted inside Stamford Bridge, watching the Blues’ Premier League game against Wolves on Saturday afternoon

Chelsea are to come under US ownership, but Liverpool and FSG have the experience and strategy

The Los Angeles Dodgers co-owner has won the race to buy the Blues amid the most public major sports franchise takeover in history.

Chelsea have confirmed that a consortium led by Todd Boehly has now officially agreed a deal to acquire the club, marking the end of the eventful race to buy out Roman Abramovich.

Chelsea is being sold to a consortium fronted American sports investor Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the Premier League club

The sale is expected to go through by the end of May but still needs to be approved by the Premier League and the UK government

LONDON: Chelsea FC says a group led by Los Angeles Dodgers baseball team co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion ($5.2 billion).