The Latest Breaking News from Roman Abramovich

The British government has issued a license that permits the sale of Chelsea to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital, sports minister Nadine Dorries said on Wednesday. Current owner Roman Abramovich is subject to sanctions by the British government.

Judging by his time with the Los Angeles Dodgers, Boehly will sanction big spending as long as he sees even bigger returns

Some 85 days after Roman Abramovich officially put the Blues up for sale, the Boehly consortium has finally taken over

Roman Abramovich has been working to sell the club he has owned for 19 years and Todd Boehly's consortium can now complete their purchase of Chelsea

Follows sanctioning of Roman Abramovich

LONDON: The UK government announced Wednesday it had given the green light to Todd Boehly's proposed takeover of Chelsea football club from the sanctioned Russian oligarch Roman Abramovich.

The Boehly/Clearlake Capital consortium’s £4.25 billion takeover of the Stamford Bridge club has been approved by the Premier League.

Roman Abramovich’s 19 years as Chelsea owner is closer to ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly

The government said it was satisfied Roman Abramovich would not receive the proceeds of the sale of Chelsea Football Club

The Premier League has approved the proposed sale of Chelsea to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, although the British government still needs to sign off on the deal before it can be completed

Chelsea’s new owners will hand Thomas Tuchel significant funds for signings after the government finally approved the £4.25bn takeover of the club