Chelsea sale: Todd Boehly-led consortium to complete takeover after government approval
2 years, 10 months ago

Chelsea sale: Todd Boehly-led consortium to complete takeover after government approval

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The consortium led by Todd Boehly are set to complete their £4.25bn purchase of Chelsea after the government and Premier League both approved the sale. The takeover, which includes a £1.75bn pledge of investment into the club, had been held up as the government sought legal guarantees that Roman Abramovich or his family would not benefit from the sale proceeds. The Premier League approved Boehly’s takeover on Tuesday evening, in a statement that read: “The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium. “The purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.” Chelsea must now set about rebuilding their squad after a tumultuous season on and off the pitch, in which the team suffered two penalty shootout cup final defeats to Liverpool and their league form tailed away towards the end of the campaign.

History of this topic

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2 years, 9 months ago
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