Chelsea FC Bought by Boehly-Led Group

Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25bn ($5.2bn).

"The sale is expected to complete in late May subject to all necessary regulatory approvals," the football club said in a statement late Friday.

"More details will be provided at that time," it added.

Chelsea's Russian owner Roman Abramovich put the Premier League club on the market in March,

just days before he was sanctioned by the British government following the invasion of Ukraine.

After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing the Blues' sale.

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