Boehly-Led Group Said to Have Reached Deal to Buy Chelsea F.C.

An entrance to Stamford Bridge Stadium, the home of Chelsea Football Club, in London.

Photo: Chris J. Ratcliffe/Bloomberg News

A group led by Los Angeles Dodgers part-owner Todd Boehly reached a deal to acquire Chelsea Football Club from Russian billionaire Roman Abramovich, according to people familiar with the matter.

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.

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