Pictured: Todd Boehly eyeing Chelsea after a £4.25bn buyout deal was agreed

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

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

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

Boehly’s consortium saw 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 the founder of ‘Ineos Sir Jim Ratcliffe entered the fray with a spectacular late bid last week. . A consortium led by Chicago Cubs owners, the Ricketts family, made the final shortlist but pulled out before making a final bid.

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

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

/ Action images via Reuters

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

The injured Jorginho was replaced by Mateo Kovacic in midfield, with Mason Mount and Kai Havertz both being benched.

Lethargic Chelsea have picked up just 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 battle for a place among the top four.

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

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