Chelsea takeover expected to be finalised on Monday

Chelsea takeover expected to be finalised on Monday

The Todd Boehly/Clearlake Capital group will finalize its takeover of Chelsea on Monday, according to the club.

The Blues took a huge step toward finding new owners this week when the Portuguese government approved the club’s sale.

This was necessary because Roman Abramovich, the Russian businessman who has owned Chelsea since 2003, is also a Portuguese citizen.

The UK government had on Wednesday stated that it was satisfied “the sale will not benefit Roman Abramovich”, who was sanctioned due to his links to Russia’s President Vladimir Putin following the invasion of Ukraine.

Chelsea agreed to terms for the sale of the club to an ownership group led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss for £4.25billion this month.

A club statement said: “Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium.

“It is expected that the transaction will be completed on Monday. The club will update further at that time.”

The deal has been approved by the Premier League.

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