Chelsea takeover: Premier League has approved Todd Boehly/Clearlake Consortium’s proposal

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Chelsea takeover, Premier League has approved Todd Boehly, Clearlake Consortium's proposal

Following the sanctions imposed on Chelsea and its owner Roman Abromovich the club looked for a takeover. The takeover was essential to keep the club running. A consortium headed by Todd Boehly was said to take over the club.

The Premier League regarding the takeover mentioned on Tuesday: “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 (British) Government issuing the required sale licence. And the satisfactory completion of the final stages of the transaction.”

We now hear that according to an unnamed Government source which told Britain’s Press Association: “We now believe everyone will be ready to issue the necessary licences.

“The last remaining hurdle boils down to a number of final technical details that are being discussed with the club.”

As from the Prime Minister’s side, his official spokesman stated: “We are working closely with Chelsea to progress the sale. We are holding intense discussions with the relevant international partners to get the necessary approvals.

“We want to get this process done as soon as possible while also ensuring the sanctions regime is protected, but we will say more on this as soon as we possibly can.”

The Premier League statement added: “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, L.P., 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.”

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