Chelsea takeover: Todd Boehly & two billionaires sign agreement to buy Chelsea, club confirms

AMERICAN billionaire Todd Boehly and his consortium have signed an settlement to purchase Chelsea from Roman Abramovich.

Boehly, who part-owns the LA Dodgers, is poised to run the London aspect regardless of a last-gasp £4billion offer from Sir Jim Ratcliffe.

GettyTodd Boehly’s Chelsea takeover was a step nearer after an settlement was signed[/caption]

Todd Boehly head of the consortium who has agreed a deal to take over Chelsea is pictured at Stamford Bridge final evening together with George OsbourneTWITTER

Boehly and his workforce, which incorporates billionaires Mark Walter, Hansjorg Wyss and funding agency Clearlake Capital, nonetheless face two extra hurdles earlier than they formally take cost.

He was pictured at Stamford Bridge on Friday and can now be put ahead for Authorities and Premier League approval.

It’s anticipated the league will approve the takeover, however solely after the completion of an house owners’ and administrators’ take a look at.

Boehly is heading in the right direction to finish his takeover by the tip of this month, as simply over three weeks stay on the membership’s present working licence, which expires on Could 31.

The consortium has been suggested by Goldman Sachs and Robey Warshaw, the place former chancellor and Chelsea fan, George Osborne, works as a associate.

In an announcement Chelsea stated the deal is “expected to complete in late May subject to all necessary regulatory approvals”.


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Todd Boehly SIGNS purchase agreement to buy Chelsea in HUGE step for takeover

The Blues confirmed the consortium’s sum of £2.5bn can be deposited right into a frozen UK checking account with the intention to donate it to charitable causes as confirmed by Abramovich. 

Authorities approval can be required for the proceeds to be transferred from the account.