A group led by Los Angeles Dodgers part-owner
Todd Boehly
reached a deal to acquire Chelsea Football Club from Russian billionaire
Roman Abramovich
for more than £4 billion, equivalent to $4.93 billion, according to people familiar with the matter, marking a record sale price for a professional sports team.
The deal still needs approval from the U.K. government. It follows a roughly two-month auction process that attracted a who’s who of American bidders seeking to acquire the marquee sports brand.
The Wall Street Journal reported a week ago that the Boehly group beat out two other U.S.-led groups for the right to negotiate a final deal.
The Chelsea sale is a high-profile example of the financial reshuffling of Russian wealth sparked by the war in Ukraine. Mr….
