The UK Government say the takeover of Chelsea Football Club by Todd Boehly from Roman Abramovich is in the best interests of the club, the fans and football as a whole, with sanctions imposed back in March finally set to be lifted.
After many months of uncertainty which all kicked off with Abramovich himself trying to pass on the daily running of the club to trustees which then changed to him announcing his intentions to sell the club back at the start of March, the UK Government have been heavily involved since. The Russian billionaire was sanctioned following Russia's invasion of Ukraine, which then meant that the club had to operate under a special license up until now, with Boehly and his consortium now official owners of the Blues, as the statement confirmed.
The first statement which was released before the board of directors' own comments on the situation at hand read: "Roman Abramovich has completed the sale of Chelsea Football Club and related companies to an investment group led by Todd Boehly and Clearlake Capital. Throughout this process, we have worked very closely with the UK Government, in particular the Department for Digital, Culture, Media and Sport (DCMS), and HM Treasury, as well as with the Premier League, The FA and UEFA. In order to complete the transaction, we needed consents and approvals from all, and in particular from the UK Government.
