BREAKING: Premier League finally approves Todd Boehly takeover after latest decision
We have reached the conclusion of the trip after months of negotiating for a new owner for the team.
The Premier League Board of Directors has given its approval to Todd Boehly’s takeover of Chelsea Football Club.
The Todd Boehly Consortium has been authorized as the new owners of the club, according to a statement made Tuesday evening. The £4.25 billion purchase now awaits Government clearance.
A statement 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.
“The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence. The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, LP, Todd Boehly, Hansjorg Wyss and Mark Walter.
“Chelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover.”
However, See the report from Fabrizio Romano below
The reporter tweeted: “Official. The Premier League Board has today approved the proposed takeover of Chelsea Football Club. 🔵 #CFC
“The purchase remains subject to the U.K. Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction”.