Chelsea Takeover: Premier League approves Todd Boehly’s Chelsea takeover – The Premier League has confirmed that the Todd Boehly/Clearlake Consortium’s takeover of Chelsea has been approved. Chelsea were put up for sale before owner Roman Abramovich was sanctioned over his links to Russian President Vladimir Putin, and the Boehly-led consortium had a £4.25bn bid accepted for the club earlier this month. Follow Live football Updates on InsideSport.IN
Chelsea Takeover: BREAKING!!! Premier League APPROVES Todd Boehly’s Chelsea takeover in Official Statement, The Blues to work with Government to complete deal – Check out
A statement released by the Premier League on Tuesday evening confirmed that the consortium has passed its owner’s and director’s test.
Official. The Premier League Board has today approved the proposed takeover of Chelsea Football Club. 🔵 #CFC
“The purchase remains subject to the U.K. Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction”.
— Fabrizio Romano (@FabrizioRomano) May 24, 2022
Chelsea Takeover: Premier League APPROVES Todd Boehly’s Chelsea takeover in Official Statement
The Premier League have approved the proposed takeover of Chelsea by Todd Boehly’s consortium, with the deal expected to be finalised later this month after government approval
“The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.”
“The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.”
“The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence.”
“The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.”
“Chelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover.”
Chelsea Takeover: Blues to work with Government to complete deal
Boehly is the owner of the LA Dodgers baseball team and got his first taste of a match at Stamford Bridge when he was in attendance for the Blues’ recent 2-2 draw with Wolves.
The London club earlier this month announced the 4.25 billion pound ($5.2 billion) deal with Boehly’s consortium, backed by Clearlake Capital, for the reigning European champions, subject to receiving the required approvals.
The UK government’s approval of the sale was being finalised on Monday night, the source said, though the deal also faces the need for EU approval, as Abramovich holds a Portuguese passport.
The Financial Times and the BBC were the first to report the pending approval of the sale by the government.
Chelsea Takeover: BREAKING!!! Premier League APPROVES Todd Boehly’s Chelsea takeover in Official Statement, The Blues to work with Government to complete deal – Check out
