Sunday, June 26, 2022

Chelsea takeover given green light by Premier League

The Premier League has given the green light for Chelsea’s takeover by the consortium led by Todd Boehly to be completed, however, the sale still hinges on receiving government approval.

A statement on Tuesday confirmed that the consortium, backed by investment group Clearlake Capital, has passed the Premier League’s Owners’ and Directors’ Test.

“The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly / Clearlake Consortium,” the statemnt read.

“The purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.”

More follows…


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