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Chelsea confirm agreement for Todd Boehly takeover with completion expected on Monday

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Chelsea have confirmed an agreement has been reached with Todd Boehly to purchase the club.Boehly was one of the first potential buyers to show an interest in the club after Roman Abramovich announced he would be selling the Premier League giants after 19 years as owner.

Last month, the American billionaire's consortium was chosen as the preferred bidder, despite Sir Jim Ratcliffe coming in with a late offer of over £4billion.

In a statement on the club's official website, Chelsea announced that a "definitive agreement" has now been reached with Boehly and his consortium for the sale of the Blues.

The statement read: "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.

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