Categories: UK

Chelsea confirms £4.25bn Todd Boehly-led takeover to be completed next week | UK News

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Chelsea Football Club has confirmed that its multibillion-pound takeover is set to be completed on Monday.

A statement from the club 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.”

After Chelsea was put up for sale on 2 March, marking the end of the Roman Abramovich era, the Boehly-led bid secured a £4.25bn deal, largely financed by US private equity firm Clearlake Capital.

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