Premier League Approve Todd Boehly-Led Takeover of Chelsea
The Premier League has given its approval to Todd Boehly's consortium's proposed takeover of Chelsea.
The transaction is anticipated to be completed later this month by a group led by US businessman Peter Boehly and supported by Clearlake Capital Group, Hansjorg Wyss, Mark Walter, and others. They are currently pending UK government permission.
The Premier League Board accepted the Todd Boehly/Clearlake Consortium's proposed takeover of Chelsea Football Club on Tuesday evening, according to a statement. "The acquisition is contingent on the government providing the required sale license and the transaction's final steps being completed satisfactorily."
"The Premier League Board has authorized the Todd Boehly/Clearlake Consortium's proposed takeover of Chelsea Football Club today (Tuesday)," the statement states. The purchase is contingent on the government providing the requisite sale license and the transaction's final steps being completed satisfactorily. All potential directors have been subjected to the Premier League's Owners' and Directors' Test (OADT), and the appropriate due diligence has been completed. " Clearlake Capital Group, L.P. affiliates Todd Boehly, Hansjorg Wyss, and Mark Walter are among the Consortium members who are purchasing the club.
"Chelsea FC will now negotiate with the relevant governments to get the licenses required to finalize the takeover."
It remains to be seen as to when an official announcement will take place, with previous reports stating a midweek completion was hoped for. Now all that is left to do is for the UK Government to issue the new licence to Chelsea to allow the £4.25 billion takeover to go through.
Dan Roan has reported that the takeover could be struck on Tuesday night, with final technical details being discussed.
Portugal approves Abramovich’s Chelsea sale to Todd Boehly consortium
The Portuguese government has approved Roman Abramovich’s sale of Chelsea FC to the Todd Boehly consortium.Abramovich was sanctioned and had his assets frozen by the United Kingdom government.The Russian oligarch then put the Stamford Bridge outfit up for sale in early March following the Russian invasion of Ukraine.The deal, worth more than $5 billion, will see an ownership group led by Todd Boehly take control.Abramovich has Portuguese citizenship and, due to sanc...
New Chelsea owner, Todd Boehly identifies two players to give new contracts
Chelsea's new owners, led by Todd Boehly, have prioritized the contract issues of Reece James and Mason Mount.Boehly's ownership group, which includes Hansjorg Wyss, Mark Walker, and investment firm Clearlake Capital, has agreed to buy the Premier League club for roughly £4.25 billion.Before the sale can be finalised, the UK government and Premier League must both give their consent.However, according to Goal, the new ownership group is concerned about the contract...
Todd Boehly: 5 things to know about Chelsea new owner
Todd Boehly, an American millionaire, was formally revealed as Chelsea's new owner on Saturday.Chelsea confirmed via their website that arrangements have been completed for the new ownership group led by Boehly to purchase the Stamford Bridge club.Following the completion of his £3.5 billion takeover, Boehly replaces Roman Abramovich, who owned Chelsea for 19 years.The Raine Group, the US bank handling the sale, nominated his consortium, which includes Dodgers co-ow...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.