A group led by former Guggenheim Partners President Todd Boehly and Clearlake Capital has reached an agreement to buy Chelsea Football Club that will make it the 10th Premier League team to be fully or partly backed by American investment.
The £4.25 billion pound ($7.42 billion) transaction includes a £2.5 billion purchase of shares in Chelsea plus £ 1.75 billion for further investments to benefit the club, according to a statement Friday (Saturday AEST) confirming earlier reports by Bloomberg News and others.
