“The Premier League Board has these days licensed the proposed takeover of Chelsea Soccer Membership via the Todd Boehly/Clearlake Consortium,” the league mentioned in a commentary.
“Chelsea FC will now paintings with the related Governments to protected the essential licences to finish the takeover.”
The membership’s present proprietor is Russian oligarch Roman Abramovich, who’s matter to sanctions via the British govt and has observed his belongings frozen.
Abramovich put the membership up on the market in early March following the Russian invasion of Ukraine, pronouncing on the time it was once “in the most productive passion of the Membership.”
Boehly owns stakes within the MLB’s Los Angeles Dodgers, the NBA’s Los Angeles Lakers and the WNBA’s Los Angeles Sparks.
The Premier League commentary famous Boehly had handed the board’s “Premier League’s House owners’ and Administrators’ Take a look at (OADT).”
The membership mentioned that of the entire funding being made, 2.5 billion kilos ($3.08 billion) might be used to shop for the stocks within the membership and this cash can be deposited right into a frozen UK checking account “so as to donate 100% to charitable reasons as showed via Roman Abramovich.”
UK govt approval can be required for the proceeds to be transferred from the frozen UK checking account, the membership added.
It mentioned the proposed new house owners would additionally “devote 1.75 billion kilos ($2.16 billion) in additional funding for the good thing about the membership”. This would come with investments within the membership’s stadium Stamford Bridge, its academy, the ladies’s group and investment for the Chelsea Basis charity.
The announcement of the Boehly deal got here simply over 3 weeks last at the membership’s present working licence, which expires on Would possibly 31.
Andrew Raine contributed to reporting.
