A consortium led by Los Angeles Dodgers part-owner Todd Boehly has completed its takeover of Premier League club Chelsea in a deal worth up to £4.25 billion ($5.4 million).
The deal ends the 19-year ownership of Roman Abramovich.
Chelsea will now be granted a new licence to compete in the 2022-23 season, bringing to an end three months of uncertainty during which it was feared the club might cease to exist.
The club said in a statement: \"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. It is expected that the transaction will be completed on Monday. The Club will update further at that time.\"
Via James Olley/ESPN
