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Premier League Has Approved A €5 Billion Budget For Takeover Of Chelsea

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SPORTS NEWS: Premier League Has Approved A €5 Billion Budget For Takeover Of Chelsea [New Sports News] » Naijacrawl
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The English Premier League has announced that its board has approved the £4.



25 billion (€5 billion) takeover of Chelsea by Todd Boehly’s consortium after all prospective board members passed its owners’ and directors’ tests.

The 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 £1.6 billion (€1.87 billion) loan to the club.

The league said in a statement: “The Premier League board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake consortium."

The purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.

“The board has applied the Premier League’s owners’ and directors’ test to all prospective directors and undertaken the necessary due diligence.

“The members of the consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjörg Wyss, and Mark Walter. Chelsea FC will now work with the relevant governments to secure the necessary licences to complete the takeover.

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Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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Harry Kane Has Today Scored His 184th Premier League Goal For Tottenham Hotspur

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SPORTS NEWS: Harry Kane Has Today Scored His 184th Premier League Goal For Tottenham Hotspur [New Sports News] » Naijacrawl
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With his late equalizer at Stamford Bridge on Sunday, Kane tied the Premier League record for a single club held by former Manchester City striker Kun Aguero (184 goals).Spurs twice overcame deficits to deny their vengeful London rivals a crucial point.Prior to Pierre-Emile Hojbjerg tying the score in the second half, Kalidou Koulibaly scored the game's opening goal with an impressive volley.However, Antonio Conte’s Lillywhites were pegged back again after Raheem St...
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Premier League Has Revised Its Postponements Policy After Receiving Much Criticism Last Season

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SPORTS NEWS: Premier League Has Revised Its Postponements Policy After Receiving Much Criticism Last Season [New Sports News] » Naijacrawl
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The Premier League has updated its rules on rescheduling matches, with postponements now only granted if “the impact of player unavailability on a club’s squad is truly exceptional."The Premier League faced fierce criticism last season for its seemingly ambiguous rules on fixture postponements.In total, 21 fixtures were postponed last campaign, with some proving particularly controversial.Tottenham Hotspur, for example, said they were “extremely surprised” at the Pr...
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PSG president, Al-Khelaifi involved in Manchester United takeover

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SPORTS NEWS: PSG president, Al-Khelaifi involved in Manchester United takeover [New Sports News] » Naijacrawl
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Paris Saint-Germain president Nasser Al-Khelaifi has been in contact with both the Glazers and Sheikh Jassim in relation to the takeover of Manchester United.Recall that Manchester United were put up for sale in November 2022 by their majority owners, the Glazer family.Sheikh Jassim and INEOS CEO Sir Jim Ratcliffe quickly emerged as the frontrunners, but despite submitting different bids, they have both not met the Glazers’ asking price of £6 billion.With the takeov...
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