The group led by Boehly says it has reached an agreement to buy Chelsea FC

According to people familiar with the matter, a group owned by the Los Angeles Dodgers, Todd Boehly has reached an agreement to buy Chelsea Football Club from Russian billionaire Roman Abramovich for more than £4 billion. , equivalent to $4.93 billion, marking a record selling price for a professional sports team.

The deal still needs UK government approval. It followed an auction process that lasted about two months, attracting one US bidder looking to acquire the marquee sports brand.

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