The Premier League soccer team Chelsea, which was put up for sale days before the British government levied sanctions on its Russian owner for his ties to the Kremlin, is set to be sold to a group led by an American billionaire for more than $3 billion, the highest amount ever paid for a sports team.
The team announced Friday night that terms had been reached to sell the team to a new ownership group headed by Todd Boehly, an American who earned his billions through finance and investments and who is a part-owner of the Los Angeles Dodgers.