By Mukwuzi Joseph
Chelsea said on Saturday that the sale of the Premier League club to a consortium led by Todd Boehly, the co-owner of baseball’s Los Angeles Dodgers, is expected to be completed by Monday.
The British government and the Premier League have approved the £4.25 billion ($5.3 billion) takeover.
Chelsea was put on the market in early March, days before owner Roman Abramovich was sanctioned by the British government following Russia’s invasion of Ukraine.
The British government describes Abramovich as part of Russian President Vladimir Putin’s inner circle. Abramovich is also the target of European Union sanctions.
“Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium,” the club said in a statement.