Chelsea club sale

Chelsea sale agreed to end Abramovich era

The Stamford Bridge-based outfit announced the 4.25 billion pound ($NZ 8 billion) deal for the reigning European champions in a statement issued in the early hours of Saturday, subject to receiving the required approvals.

"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," said.

"The sale is expected to complete in late May subject to all necessary regulatory approvals."