The BBC has confirmed an agreement between Chelsea and LA Dodgers’ co-owner Todd Boehly.
Todd bought the the English Premier League football team for £4.25bn ($5.2bn)
Chelsea owner Roman Abramovich put up the club for sale after he was sanctioned for having links to Russian president Vladimir Putin following the invasion of Ukraine.
A Chelsea statement said the new owners will pay £2.5bn for the club’s shares.
The proceeds will go into a frozen bank account to be donated to charity.
In the statement, Chelsea said the sale was expected to complete in late May. The takeover will require approval from the English football authorities and the UK government.
