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The Premier League has approved the proposed sale of Chelsea to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, although the British government still needs to sign off on the deal before it can be completed.
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The Premier League has approved Todd Boehly’s proposed takeover of Chelsea with the green light now needed from the UK Government for the sale to be completed. The government is said to be satisfied that current owner Roman Abramovich will not take home any of the £4.25bn sale of Chelsea.
The Premier League has formally approved the Todd Boehly-led takeover of Chelsea worth £4.25billion ($5.33 billion).
Government sources believe the bid to push Chelsea’s sale through on Tuesday night could “go down to the wire”.
Todd Boehly's proposed takeover of Chelsea moved a step closer to completion on Tuesday when the Premier League board announced it had approved his purchase of the London club.
The Premier League Board has approved the proposed takeover of English club Chelsea by the Todd Boehly/Clearlake consortium, the league announced on Tuesday.