Chelsea purchase set at $3.1 billion

Chelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the English Premier League club over the war in Ukraine.

The sale price of $3.1 billion is the most lucrative ever for a sports team worldwide but Abramovich cannot receive the proceeds, which he hopes will go to a foundation for the victims of the war.

Chelsea said Saturday that buyout terms were agreed with a consortium that features Boehly along with Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss and funding from private equity firm Clearlake Capital. The Premier League must approve them as the new ownership and the British government has to sign off under the terms of the license that allows Chelsea to continue operating as a business through May 31. Liverpool tied Tottenham 1-1 at Anfield and went to the top of the EPL but handed Manchester City, which hosts Newcastle on Sunday, a chance to pull three points clear . ... Manchester United suffered its fifth straight road loss with a 4-0 thrashing by Brighton. United is in sixth place and cannot finish in the Champions League qualification spots . ... Chelsea’s