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.