Todd Boehly is poised to sign the first Chelsea contract on Friday as they look to finalise a takeover, according to reports.
Todd Boehly will reportedly sign his first deal with Chelsea on Friday to complete a takeover.
After being named preferred bidder by Chelsea and Raine, Boehly used the period of exclusivity to advance the £4bn+ takeover.
The trial of Premier League owners and directors has concluded and outgoing owner Roman Abramovich has confirmed through a spokesman that the Government will freeze the £1.6bn loan after the sale to allow for a takeover .
And that is imminent now.The Telegraph reports that Chelsea executives are now preparing to formally nominate Boehly's group as government ministers in their application for an amended license for a sale, as they aim to complete a takeover by May 31.
Boehly is scheduled to sign the first contract on Friday in the first steps to finalize and formalize a takeover of the blues.
The purchase agreement is about to be signed and Chelsea are hoping that the loan agreement with the government will be resolved quickly.
However, it was reported that it was likely agreed and should not delay an agreement.
A new era awaits us as the acquisition closes more than two months after the club was put up for sale by Roman Abramovich on March 2nd.
It was previously claimed that an extra £500m was added to the sale price, which Abramovich denies, and the Telegraph added that those negotiations were "entirely based on future club spending commitments".
This will be music to the ears of Thomas Tuchel, who is hoping for support this summer as he looks to challenge for the Premier League title next season.
Almost there. Not yet, but almost. Ownership changes.
Roman Abramovich's era is coming to an end after 19 years. It's the beginning of the end.
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