<p>Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion ($5.2 billion).</p>.<p>"The sale is expected to complete in late May subject to all necessary regulatory approvals," the football club said in a statement late Friday.</p>.<p>Chelsea's Russian owner Roman Abramovich put the Premier League club on the market in March, just days before he was sanctioned by the British government following the invasion of Ukraine.</p>.<p>After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing Chelsea's sale.</p>.<p>Boehly's group of investors includes fellow Dodgers co-owner Mark Walter, Swiss billionaire Hansjoerg Wyss and US investment firm Clearlake Capital.</p>.<p>"Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club," the Chelsea statement said.</p>.<p>"Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100 percent to charitable causes as confirmed by Roman Abramovich," it said.</p>.<p>"UK government approval will be required for the proceeds to be transferred from the frozen UK bank account."</p>.<p>In addition, the new owners would commit £1.75 billion in further investment for the benefit of the club, Chelsea said.</p>
<p>Chelsea FC said a group led by Los Angeles Dodgers co-owner Todd Boehly would acquire the London club after agreeing terms in a deal worth £4.25 billion ($5.2 billion).</p>.<p>"The sale is expected to complete in late May subject to all necessary regulatory approvals," the football club said in a statement late Friday.</p>.<p>Chelsea's Russian owner Roman Abramovich put the Premier League club on the market in March, just days before he was sanctioned by the British government following the invasion of Ukraine.</p>.<p>After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing Chelsea's sale.</p>.<p>Boehly's group of investors includes fellow Dodgers co-owner Mark Walter, Swiss billionaire Hansjoerg Wyss and US investment firm Clearlake Capital.</p>.<p>"Chelsea Football Club can confirm that terms have been agreed for a new ownership group, led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjoerg Wyss, to acquire the Club," the Chelsea statement said.</p>.<p>"Of the total investment being made, £2.5bn will be applied to purchase the shares in the Club and such proceeds will be deposited into a frozen UK bank account with the intention to donate 100 percent to charitable causes as confirmed by Roman Abramovich," it said.</p>.<p>"UK government approval will be required for the proceeds to be transferred from the frozen UK bank account."</p>.<p>In addition, the new owners would commit £1.75 billion in further investment for the benefit of the club, Chelsea said.</p>