The Abramovich era is officially OVER as Chelsea confirm a ‘final and definitive agreement’ has been reached for Todd Boehly to take over the club… with the £4.25billion deal all set to be completed on Monday
Chelsea have said they expect Todd Boehly’s £4.25billion takeover to go through on Monday after confirming a ‘final and definitive agreement’ had been signed with the consortium led by the American businessman.
The announcement from Chelsea marks the official end to Roman Abramovich’s era and will see the Russian replaced as owner by Boehly and the Clearlake Capital group.
‘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,’ Chelsea said in a statement.
Chelsea said it expects Todd Boehly’s taekover of the club to go through on Monday
‘It is expected that the transaction will be completed on Monday. The Club will update further at that time.’
The final hurdle in the protracted process was cleared when the Portuguese government authorised Abramovich’s sale of the club earlier this week.
It came after the British government finally approved the takeover.
More to follow.