Club statement about Todd Boehly: After reaching a “final and definitive” deal with the group led by Los Angeles Dodgers part-owner Todd Boehly, the sale of Premier League team Chelsea is set to be completed on Monday.
The club announced on Saturday that it has “entered into a final and definitive deal last night” to sell to the Boehly and Clearlake Capital consortium. The price is 2.5 billion pounds ($3.2 billion), making it the most expensive sports franchise ever.
“It is expected that the transaction will be completed on Monday,” the club said.
Following a succession of clearances, Roman Abramovich was able to sell despite being sanctioned for his ties to Russian President Vladimir Putin following the invasion of Ukraine. For the past 19 years, Abramovich has owned the team.
The deal was approved this week by the British government, which had sanctioned Abramovich and ensured that the Russian businessman would not profit from it. The Premier League had previously given its blessing.
Since Abramovich’s assets were frozen in March, Chelsea has been functioning under a government license, which expires on Tuesday.