The Premier League approves the sale of Chelsea

The Premier League has approved this Tuesday the proposal for the acquisition of the Chelsea by Todd Boehly/Clearlake Consortium, as announced by the English league after ratifying that the agreement meets the conditions.

Chelsea Shield/Flag

The co-owner of Los Angeles Dodgers, Boehlyhad already agreed to a purchase of the ‘blues’ for 4,960 million euros and the property of the Russian tycoon Roman Abramovich -now yes, yes- is about to finish his mandate after 19 years.

A statement from the Premier League this 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 issuing 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 begun talks with “international partners” to help boost the sale of Chelsea.

Russian-Israeli billionaire Abramovich has hoped for some time that it has been able to meet the government’s expectations on how to handle its $1.5 billion loan to Chelsea.

It is believed that Abramovich55, is confident those demands have been met, which would ultimately pave the way for Downing Street will sign the sale. The declaration of the Premier League 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. Premierwhere he explains that government sources are optimistic about reaching an agreement with Chelsea on Tuesday night, but said “it will be until the end”.