Pictured: Boehly watches Chelsea after £4.25bn takeover deal agreed

The American billionaire investor and co-owner of Major League Baseball’s (MLB) Los Angeles Dodgers took in the Premier League fixture in west London after confirmation that his consortium had agreed a £4.25billion deal to acquire the club from Roman Abramovich, subsequent to Government approval.

Chelsea confirmed in a statement released in the early hours of Saturday morning that the ownership group fronted by Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss would pay £2.5bn for the club’s shares, with a further £1.75bn pledged for investments in Stamford Bridge, the academy, Chelsea’s women’s team, Kingsmeadow and funding for the Chelsea Foundation.

The sale will have to be signed off by the Treasury, with Chelsea expecting the process to be completed by the end of this month.

Boehly’s consortium saw off competition from rival bids led by former Liverpool and British Airways chairman Sir Martin Broughton and Boston Celtics co-owner Stephen Pagliuca in the race to buy Chelsea, while Ineos founder Sir Jim Ratcliffe entered the fray with a dramatic late offer last week. A consortium led by Chicago Cubs owners the Ricketts family made the final shortlist but withdrew before making a final bid.

Boehly attended Chelsea’s game against Wolves on Saturday afternoon as expected, watching from a director’s box as the Blues hoped to regather some form and momentum ahead of next weekend’s FA Cup final against Liverpool at Wembley.

Todd Boehly watches Chelsea’s Premier League match against Wolves at Stamford Bridge

/ Action Images via Reuters

Thomas Tuchel made three changes from the shock defeat by Frank Lampard’s struggling Everton at Goodison Park last weekend, with club-record signing Romelu Lukaku handed a rare start up front alongside the returning Christian Pulisic.

The injured Jorginho was replaced by Mateo Kovacic in midfield, with Mason Mount and Kai Havertz both dropping to the bench.

Lethargic Chelsea have picked up only four points from the last 12 available, loosening their grip on third place in the Premier League with London rivals Arsenal and Tottenham both closing the gap as they fight for a top-four finish.

However, Wolves have lost seven of their last 10 games including three in a row without scoring. They are without a victory at Stamford Bridge since 1979.

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