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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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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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Chelsea striker to join Premier League rivals this summer

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SPORTS NEWS: Chelsea striker to join Premier League rivals this summer [New Sports News] » Naijacrawl
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Chelsea striker, Armando Broja could be on his way to join Newcastle United this summer.Newcastle have identified the striker as an alternative to Hugo Ekitike.Newcastle are keen on signing the striker and believe they can convince him to pick St. James’ Park over West Ham.However, Chelsea are yet to make a decision on Broja, meaning that both the Magpies and West Ham must wait.Broda spent last season on loan at Southampton and has been tipped to replace Romelu Luka...
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Check Chelsea Full 22/23 Premier League Fixtures & Dates

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SPORTS NEWS: Check Chelsea Full 22/23 Premier League Fixtures & Dates [New Sports News] » Naijacrawl
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The FA today officially displays the 2022/23 premier leagues fixtures today. The new season will start on August 6 and end on May 28.Chelsea Football Club will begin their campaign with Everton, followed by Tottenham and Leeds United.Below is the full table for the season.
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