Todd Boehly completes Chelsea takeover as Roman Abramovich sells

Chelsea have confirmed that terms have been agreed for Todd Boehly to complete his £4.25billion takeover of the club.

Boehly's consortium was named as the preferred bidder to take over at Stamford Bridge by the Raine Group, the American bank who are overseeing the sale. He has partnered with fellow Dodgers owner Mark Walter, Swiss billionaire Hansjorg Wyss as well as investment firm Clearlake Capital.

Boehly saw off competition from consortiums fronted by Stephen Pagliuca and Sir Martin Broughton and even a late £4.25bn bid from Britain's richest man Sir Jim Ratcliffe.

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