Todd Boehly 'signs contract to buy Chelsea in a massive deal worth up to £4BILLION, with US businessman just awaiting a green light from the UK government and the Premier League before the deal is completed' Todd Boehly 'has put pen to paper on the purchase agreement to buy Chelsea' The gargantuan deal to buy the Premier League side could reach up to £4billion The US tycoon is now said to be just two steps away from completing the deal By Max Mathews For Mailonline Published: 23:30 BST, 6 May 2022 | Updated: 23:43 BST, 6 May 2022 28 shares 1 Viewcomments Todd Boehly has formally signed the contract to buy Chelsea in a huge deal potentially worth £4billion, according to reports. The US tycoon and LA Dodgers part-owner is now said to be just two steps away from completing the deal, with the rubber-stamp from the British government and the Premier League the last remaining steps. As reported by the Telegraph, the purchase agreement will be advanced for the Government's green light following a week of intense and complicated talks. Boehly is set to take over from current Blues owner Roman Abramovich, a Russian oligarch who was sanctioned by the UK government over his links to Russian president Vladimir Putin, who has invaded Ukraine. The English top-flight is expected to OK to the takeover, after an owners' and directors' test. However, the Government must first provide a new licence for the sale, according to reports. The club's operating licence, as it stands, expires on May 31 - with around three weeks left on it. Read more: Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility