LA Dodgers co-owner Todd Boehly and the Clearlake Consortium have had their £4bn takeover of Chelsea approved by the Premier League.
The acquisition of Manchester United and Manchester City's rivals still needs to go through Government approval but the announcement is a big positive step for the football club. It comes after former owner Roman Abramovich was sanctioned in March amid Russia’s invasion of Ukraine.
Chelsea are allowed to operate under a special licence until the end of this month. But for the takeover, the club would have still been unable to negotiate contracts or purchase players beyond that point going into the summer.
