The British government on Wednesday gave a green signal for the purchase of Premier League club Chelsea FC. The ownership has gone to a group led by Todd Boehly in a deal worth more than $5 billion.
The club was previously owned by Roman Abramovich, a Russian oligarch. The sale of the club has also been approved by the English Premier League. Following Russia’s invasion on Ukraine, Abramovich put the club on sale in March as it was the best for the club.
“Last night the Government issued a license that permits the sale of Chelsea FC,” the UK Culture Secretary Nadine Dorries tweeted. “Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long term future of the club can only be secured under a new owner”.
The sale will end Abramovich’s almost two decade tenure as the owner of the Chelsea FC.
“The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium,” the league said in a statement.
