The government has approved the takeover.
After months of negotiations, the deal has finally been approved after the government received legal guarantees that Roman Abramovich won't benefit from the sale.
Russian-Israeli billionaire Roman Abramovich put his London soccer team, the Blues, up for sale on March 2, a week after the invasion of Ukraine.
Nadine Dorries, the culture secretary, said last night that the Government had issued a licence that allowed the sale of the club.
The proceeds of the sale will not benefit Roman Abramovich. I want to thank everyone who has worked so hard to keep the club going and protect fans.
The takeover was approved on Tuesday night, with the board applying the owners of the league and the directors test to all potential directors.
Sky Sports News understands that the proceeds of the sale will go into a frozen bank account.
There are restrictions on signing and selling players and giving new contracts to stars, but they are still in place.
Boehly, co-owner of the LA Dodgers baseball team, and fellow consortium member Hansjörg Wyss were at the game.
Boehly will become the controlling owner once the takeover is complete, but Clearlake Capital will assume the majority stake.
The club was bought for a reported 140 million dollars by Roman Abramovich. The Russian spent 100 million dollars in his first transfer window, bringing in Juan Sebastian Veron, Hernan Crespo and Claude Makelele.
The Italian manager was dismissed at the end of the season after his side finished second in the league and reached the semi-finals of the European competition.
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In his first season at the helm, Portuguese manager Jose Mourinho guided his team to victory in the League Cup and the Premier League.
In 2006/07, they added another League Cup and an FA Cup to their collection, but relinquished the league crown to Manchester United.
During his time in London, the club did not win the European Championship and he left in September 2007.
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Avram Grant took charge of the football team at the start of the 2008/09 season but left after a trophy-less campaign.
After only seven months in charge, Luiz Felipe Scolari was sacked as manager of the London club, who were fourth in the league and in contention for the playoffs.
Russia coach Guus Hiddink was named interim manager until the end of the season, as he guided the Blues to the FA Cup and a third-place finish in the league.
In his first season at the helm of the Blues, Carlo Ancelotti led them to their only double in the FA Cup and Premier League.
The Italian coach was sacked after his team finished second in the league in 2010/11, as he was unable to repeat his success the following season.
The Portuguese coach was dismissed nine months into the job after he won less than half of his games.
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Villas-Boas brought in Roberto Di Matteo as his assistant to see out the rest of the season and he led the team to their first European title.
Di Matteo was named permanent manager of the club in October, but was fired in November after they were eliminated from the playoffs.
The move was unpopular with supporters but he delivered success in the form of a trophy.
In his second season in charge of the club, the Portuguese tactician won the title for the first time in five years.
He lost the dressing room in December after a poor run of form.
The season ended with a 10th place finish in the league as Hiddink could not save it.
The first season that Antonio Conte was at the helm, he won the premier league title. He was sacked after the club failed to finish in the top four.
After a successful year in charge of the Blues, which saw them win the Europa League and finish third in the league, Maurizio Sarri left to take charge of the Bianconeri.
Frank Lampard returned to London and led the club to a fourth-place finish in the league.
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In the transfer window before the 2020/21 season, the Blues spent 200 million dollars, but they were ninth in the table and had to part ways with Frank Lampard.
After Thomas Tuchel took over, they won their second European title. The first full season of Tuchel's reign included success in the Club World Cup and the UEFA Super Cup.
The British government gave control of the club to the Russian billionaire after he put it up for sale in March.
The club is sold in May to a group led by Todd Boehly.
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