Chelsea confirm 'agreement' over Boehly takeover and reveal when deal will be complete

Chelsea have confirmed they have reached a ‘final and definitive agreement’ to sell the club to Todd Boehly., the Premier League side said the deal was done and the ‘transaction’ of the takeover is expected to happen on Monday.Boehly’s takeover is set to see Chelsea go big in the transfer market this summer, with a £200million boost to their budget

Earlier this week, Boehly’s takeover jumped its final hurdle with an announcement from the Portuguese government., but final ratification from the government of Portugal was required for the deal to go through as Abramovich holds a Portuguese passport. “The Portuguese authorisation follows the guarantee given by the British authorities that the proceeds from the sale will be used for humanitarian purposes, not directly or indirectly benefiting the owner of the club, who is on the European Union sanctions list. The national position has the agreement of the European Commission.”

The Russian-Israeli billionaire has owned Chelsea for 19 years, leading the Blues to 21 trophies and changing the face of English football forever in that time.

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