Chelsea takeover: Todd Boehly consortium signs purchase agreement to buy club

Chelsea

Todd Boehly’s signing of Chelsea’s £ 4bn is coming to an end after he signed a buy-out deal on Friday.

The American millionaire now only needs permission to take over from the Premier League and the UK government to complete the long-awaited mission.

The Telegraph reports that Boehly is in the process of completing the reins before the end of the month, with the club’s special license valid until May 31. The signing of the deal is seen as a ‘very important step’ in securing Chelsea a new owner. .

The Premier League is not expected to stand in the way of a deal as long as Boehly completes a test of owners and directors.

Reports on Friday indicated that Boehly’s federation would have to comply with ‘anti-Glazer’ measures that could prevent them from withdrawing money from the club, and the Telegraph added that they had already agreed to the terms.

Chelsea fans are deeply concerned about the role of American investment company Clearlake Capital in bidding and that they will be held accountable for such actions, especially after reports say they will own 60% of the club’s shares and Boehly is still in control. However, this has not been confirmed by any of the parties involved.

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