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Todd Boehly ‘signs contract to buy Chelsea from Roman Abramovich in huge deal worth up to £4BILLION’

Todd Boehly ‘signs contract to buy Chelsea in a massive deal worth up to £4BILLION, with US businessman just awaiting a green light from the UK government and the Premier League before the deal is completed’

  • Todd Boehly ‘has put pen to paper on the purchase agreement to buy Chelsea’
  • The gargantuan deal to buy the Premier League side could reach up to £4billion 
  • The US tycoon is now said to be just two steps away from completing the deal 

Todd Boehly has formally signed the contract to buy Chelsea in a huge deal potentially worth £4billion, according to reports.

The US tycoon and LA Dodgers part-owner is now said to be just two steps away from completing the deal, with the rubber-stamp from the British government and the Premier League the last remaining steps.

As reported by the Telegraph, the purchase agreement will be advanced for the  Government’s green light following a week of intense and complicated talks.

Boehly is set to take over from current Blues owner Roman Abramovich, a Russian oligarch who was sanctioned by the UK government over his links to Russian president Vladimir Putin, who has invaded Ukraine. 

The English top-flight is expected to OK to the takeover, after an owners’ and directors’ test.

However, the Government must first provide a new licence for the sale, according to reports. The club’s operating licence, as it stands, expires on May 31 – with around three weeks left on it.  

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Read more at DailyMail.co.uk