Preferred Chelsea bidder Todd Boehly and his consortium have had their owners’ and directors’ test completed by the Premier League, giving them the all clear by the league to buy the club, according to reports. It comes amid other reports that owner Roman Abramovich is looking to have his £1.6billion loan to the club repaid by the next ownership.
It has seen yet another twist in a two-month long saga for the Blues, with the 55-year-old Russian receiving sanctions by the UK Government for Russia’s invasion of Ukraine in March. This put a freeze on all of his assets in the nation, while Chelsea were put under a special sporting licence to allow them to operate under specific conditions.
However, that licence expires at the end of May, causing culture secretary Nadine Dorries to claim that the club are on "borrowed time". US firm Raine Group was put in charge of overseeing bids, eventually slimming the options down to three bidders.
