American billionaire Todd Boehly signs deal as new owner of Chelsea

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Roman Abramovich’s era as owner of Chelsea Football Club has officially come to an end after a deal was signed to sell the English outfit to a consortium fronted by American billionaire Todd Boehly in a £4.25 billion pounds takeover deal.

A bid from the Boehly-led group was accepted by Chelsea, ending almost two months of uncertainty for the club which was put up for sale after Abramovich’s assets were frozen by the British Government in response to Russia’s invasion of Ukraine.

Boehly is also part owner of United States baseball club the Los Angeles Dodgers and founder and chief executive of private investment firm Eldridge Industries.