The Premier League has announced that its board has approved the £4.25bn takeover of Chelsea by Todd Boehly’s consortium after all prospective board members passed its owners’ and directors’ test.
Completion of the club’s purchase from Roman Abramovich must still be cleared by the UK government, which has to issue a sale licence. It wants to be satisfied that none of the proceeds will go to Abramovich, who was hit with sanctions after Russia’s invasion of Ukraine, and to get guarantees regarding his £1.6bn loan to the club.
