The sale of the membership is ready to be finished on Monday after the deal is finalised with a consortium led by way of LA Dodgers part-owner Todd Boehly.
Chelsea says a last settlement has been struck to promote the Premier League membership to a consortium led by way of Los Angeles Dodgers part-owner Todd Boehly and sponsored by way of Clearlake Capital.
The takeover is anticipated to be finished on Monday.
The consortium, which gained the bid to obtain the London facet previous this month, won approval from the Premier League and the British govt this week for the sale to head forward.
“Chelsea Soccer Membership can ascertain {that a} ultimate and definitive settlement was once entered into closing evening to promote the Membership to the Todd Boehly/Clearlake Capital consortium,” the membership mentioned in a remark on Saturday.
“It’s anticipated that the transaction shall be finished on Monday. The membership will replace additional at the moment.”
Russian proprietor Roman Abramovich put the membership up on the market in early March following Russia’s invasion of Ukraine, which Moscow calls a “particular army operation”.
The sale additionally wanted the golf green gentle from the Portugal govt after Abramovich changed into a citizen of the rustic closing yr and is below Ecu Union sanctions.
Chelsea have been working below a unique licence issued by way of the British govt since Abramovich’s property had been frozen in March and it was once set to run out on Would possibly 31.
Even supposing the consortium is led by way of Boehly, California-based personal fairness company Clearlake Capital would personal a majority of the stocks within the membership.
Different traders come with US billionaire Mark Walter, who’s Boehly’s co-owner on the Dodgers, and Swiss billionaire Hansjorg Wyss.
The finishing touch of the sale will permit Chelsea to resume switch task in addition to allow gamers to signal new contracts, which was once prohibited as a part of the sanctions imposed.
Abramovich purchased the membership in 2003 and helped Chelsea turn into a dominant drive in English soccer, main them to 5 Premier League titles, 5 FA Cups and two Champions League trophies throughout his reign.
