Premier League board approve Chelsea takeover by Boehly group
Boehly's consortium agreed a £4.25 billion ($5.3 billion) deal to buy the Premier League club from owner Roman Abramovich on May 7.
And a Premier League statement said Tuesday: "The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium."
The deal, however, remains subject to British government approval.
