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Premier League approves Boehly’s Chelsea takeover | 3NEWS.com

Premier League approves Boehly’s Chelsea takeover | 3NEWS.com

The Premier League has approved the £4.25bn takeover of Chelsea by a consortium led by LA Dodgers co-owner Todd Boehly.

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The league says the consortium has passed its owner’s and directors’ test.

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The Premier League club was put up for sale before owner Roman Abramovich was sanctioned over his links to .

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The purchase remains subject to the Government issuing the required sale licence.

Several parties expressed an interest but Chelsea agreed to sell to the Boehly-led consortium earlier in May.

The consortium is led by Boehly but Clearlake Capital, a Californian private equity firm, would own a majority of the shares in Chelsea

2 March: The Chelsea owner says he plans to sell the club

Original Story on: 3News
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