Chelsea takeover imminent after final agreement reached

LONDON (AP) — The sale of Premier League membership Chelsea is predicted to be accomplished Monday after a “remaining and definitive” settlement was reached with the consortium fronted by Los Angeles Dodgers part-owner Todd Boehly.

The membership mentioned Saturday that “a remaining and definitive settlement was entered into final evening” to promote to the Boehly and Clearlake Capital consortium. The worth is 2.5 billion kilos ($3.2 billion) — the best ever for a sports activities group.

“It’s anticipated that the transaction can be accomplished on Monday,” the membership mentioned.

The announcement adopted a sequence of approvals permitting Roman Abramovich to promote after he was sanctioned over his hyperlinks to Russian President Vladimir Putin after the invasion of Ukraine. Abramovich has owned the membership for 19 years.

The British authorities, which had sanctioned Abramovich, permitted the sale this week after guaranteeing that the Russian oligarch couldn’t revenue from it. The Premier League had earlier given its approval.

Chelsea has been working beneath a authorities license since Abramovich’s property have been frozen in March and it expires Tuesday.

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