Premier League Has Approved A €5 Billion Budget For Takeover Of Chelsea
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.
Premier League Has Revised Its Postponements Policy After Receiving Much Criticism Last Season
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...
LIVESTREAM: Newcastle vs Chelsea (Premier League 22/23) #NEWCHE
On Saturday night, two of the richest clubs in the Premier League will face off against each other when Newcastle United hosts Chelsea.No Premier League team has a higher net spend since the contentious takeover of Newcastle last year than the Magpies. Chelsea, which only recently underwent new ownership, spent more than £250 million on players last summer, setting a division record.Newcastle's wealth has so far been better utilized, and come Christmas Day, they are...
LIVE STREAM: Brighton vs Chelsea (Premier League 22/23) #BHACHE #CFC #FPL
LIVE STREAM: Brighton vs Chelsea (Premier League 22/23) #BHACHE #CFC #FPLA New Streaming Method Discover, Touch the Streaming screen to select the video quality you like to use e.g 240p,340p,470p,750pIf Stream 01 doesn’t work, try Stream 02 or 03 instead. You can refresh if any of the streams stop.STREAM 001STREAM 002
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