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HomeSportsThe Premier League approves the sale of Chelsea

The Premier League approves the sale of Chelsea

The premier league approved this Tuesday the proposal for the acquisition of the Chelsea by Todd Boehly/Clearlake Consortiumas announced by the English league after ratifying that the agreement meets the conditions.

The co-owner of Los Angeles DodgersBoehlyhad already agreed on a purchase of the ‘blues’ for €4.96 billion and the property of Russian tycoon Roman Abramovich – now yes – is about to end his term after 19 years.

A statement from the Premier League on Tuesday indicates that “the Premier League Board today approved the proposed acquisition of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.” “The purchase is subject to the Government issue the required sales license and the satisfactory completion of the final stages of the transaction,” the statement added.

The British Prime Minister’s spokesman, Boris Johnsonearlier confirmed that the government had started talks with “international partners” to help push through the sale of Chelsea.

Russian-Israeli billionaire Abramovich he has hoped for some time that he could meet the government’s expectations on how to handle his $1.5bn loan to Chelsea.

Abramovich, 55, is believed to be confident those demands have been met, which would ultimately pave the way for Downing Street to sign off on the sale. The Premier League statement added: “The Board has applied the Premier League Owners and Directors Test (OADT) to all potential directors and has carried out the necessary due diligence. The members of the Consortium buying the club are affiliates of Clearlake Capital Group, LP, Todd Boehly, Hansjorg Wyss, and Mark Walter”.

“Chelsea FC will now work with the relevant governments to obtain the necessary licenses to complete the acquisition“, sentences the note of the Premier, where it explains that the government sources are optimistic about reaching an agreement with Chelsea on Tuesday night, but said that “it will be until the end”.

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