Todd Boehly has been confirmed as the new owner of Chelsea Football club.
A statement via the club’s website, Saturday morning confirmed that terms have been agreed for the new ownership group, led by Todd Boehly, to acquire the West London club.
Boehly became Chelsea’s new owner following the completion of his £3.5billion takeover, replacing Roman Abramovich.
His consortium was named as the preferred bidder to take over Chelsea by the Raine Group, the US bank who are overseeing the sale.
The Premier League giants statement read in part: “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.
“The sale is expected to complete in late May subject to all necessary regulatory approvals. More details will be provided at that time.”
