Chelsea said on Saturday that a final agreement had been struck to sell the Premier League club to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital.
The consortium, which won the bid to acquire the London side earlier this month, received approval from the Premier League and the British government this week for the sale to go ahead."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," the club said in a statement.
Russian owner Roman Abramovich put the club up for sale in early March following Russia's invasion of Ukraine, which Moscow calls a "special military operation". The club previously confirmed Abramovich would donate all proceeds from the sale, which would be placed in a frozen bank account, to charitable causes."I am proud that as a result of our joint successes, millions of people will now benefit from the new charitable foundation which is being established," Abramovich said in a statement published on Chelsea's website.
"My goal has been to ensure that the next owner has a mindset that will enable success," Abramovich added. "I am pleased this search has now come to a successful conclusion.