Chelsea takeover: Todd Boehly consortium signs agreement to take over from Roman Abramovich

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Todd Boehly's consortium has signed an agreement to purchase Chelsea from Roman Abramovich.

The proposed deal, announced by the club in a statement in the early hours of Saturday morning, has to be approved by the UK Government and the Premier League before it can be completed. Chelsea say a deal is "expected to complete in late May".

The group headed by the LA Dodgers part-owner - which includes backing from Clearlake Capital, a US investment firm - beat off late competition from £4.25billion bidder Sir Jim Ratcliffe and other consortiums led by Stephen Pagliuca and Sir Martin Broughton to win the battle to become the Premier League club's new owners.

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Видео Chelsea takeover: Todd Boehly consortium signs agreement to take over from Roman Abramovich канала Sky Sports News