BREAKING: Todd Boehly completes £4.25bn Chelsea takeover as Roman Abramovich era ends

► Subscribe to Sky Sports News: http://bit.ly/SkySportsNewsSub The Todd Boehly-led consortium have completed a £4.25bn takeover of Chelsea, ending Roman Abramovich's 19-year ownership of the club. After months of negotiations, the deal was finally approved on Wednesday morning when the government received legal guarantees that Roman Abramovich - who has had his UK assets frozen - would not benefit from the sale. The proceeds from the sale will be frozen in a UK bank account until the government has received further assurances that the money will solely go to support humanitarian causes in Ukraine. Russian-Israeli billionaire Abramovich put Chelsea, which he purchased in 2003, up for sale on March 2, a week after Vladimir Putin's invasion of Ukraine on February 24. The takeover ends his 19-year ownership of the club and will see Los Angeles Dodgers co-owner Boehly become Chelsea's controlling owner, even though California investment firm Clearlake Capital will assume the majority shareholding. It is reported the new owners plan to invest £1.75bn into the club, placing the overall takeover value at £4.25bn. #SkySportsNews #SkySports #Chelsea ► For the latest developments on this story: https://qrcode.skysports.com/skysports/topstories More from Sky Sports on YouTube: ► Sky Sports Retro: http://bit.ly/SkySportsRetroSub ► Sky Sports: http://bit.ly/SkySportsSub ► Sky Sports Football: http://bit.ly/SSFootballSub ► Sky Sports Boxing: http://bit.ly/SSBoxingSub ► Sky Sports F1: http://bit.ly/SubscribeSkyF1 ► Sky Sports Cricket: http://bit.ly/SubscribeSkyCricket ► Sky Sports Golf: https://bit.ly/SubscribeSkySportsGolf ► To enquire about licensing Sky Sports News content, you can find out more here: https://www.skysports.com/more-sports/news/31754/11434270/license-sky-sports-footage