Chelsea, on Saturday morning, officially confirmed Todd Boehly as the club’s new owner.
In a statement through its website, the Premier League giants confirmed that terms have been agreed for the new ownership group, led by Todd Boehly, to acquire the West London club.
Boehly became Chelsea’s new owner following the completion of his £3.5billion takeover, replacing Roman Abramovich.
Chelsea’s statement read in part: “Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club.
His consortium was named as the preferred bidder to take over Chelsea by the Raine Group, the US bank who are overseeing the sale.
All necessary regulatory approvals is expected to be completed before the end of May.
