Chelsea sale to be completed by Monday

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BBC Online :
The Chelsea sale is expected to be completed on Monday after a “final and definitive agreement” was reached with the consortium led by Todd Boehly.
The Premier League and UK government have approved the £4.25bn takeover.
Chelsea were put up for sale in March before owner Roman Abramovich was sanctioned over his links to Russian president Vladimir Putin.
The club have been operating under a special government licence which expires on 31 May.
“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 on Saturday morning.
“It is expected that the transaction will be completed on Monday.”
Although the consortium is led by Boehly, Californian private equity firm Clearlake Capital would own a majority of the shares.
Other investors include US billionaire Mark Walter, a co-owner of the LA Dodgers with Boehly, and Swiss billionaire Hansjorg Wyss.
It is understood the new owners have “big ambitions” in the transfer market as they seek to close the gap on Manchester City and Liverpool at the top of the Premier League.
On Tuesday the Premier League said the consortium had passed its owners’ and directors’ test.
On Wednesday the UK government said it had “reached a position where we could issue a licence that permits the sale of Chelsea”.

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