Chelsea announced Saturday that a final and definitive agreement has been reached with the consortium led by American businessman Todd Boehly for £4.25 billion.
“Chelsea Football Club can confirm that a final and definitive agreement was reached last night to sell the club to the Todd Boehly/Clearlake Capital consortium,” the London club said in a statement, adding that the deal “is expected to be completed on Monday.”
Earlier in the week, the British government authorized the purchase of the club, owned by Roman Abramovich since 2003, after ensuring that “the proceeds of the sale will not benefit the Russian or others sanctioned” for their links to the Kremlin.
Previously, it was agreed on allocating 2.5 billion pounds to acquire the club’s shares, with the return being deposited in a frozen account within a British bank, aiming to donate 100% of the amount to charity, according to what was confirmed by the former owner of the Russian club Roman Abramovich.
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