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Todd Boehly’s bid for Chelsea as Premier League approved his takeover bid

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SPORTS NEWS: Todd Boehly’s bid for Chelsea as Premier League approved his takeover bid [New Sports News] » Naijacrawl
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However, the American’s purchase of the club from Roman Abramovich is subject to approval from the UK government.



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 (OADT) 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, Hansjorg 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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Todd Boehly Takes Biggest Risk Yet As Chelsea Exit Leaves Owner No Place To Hide Transfer Window

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SPORTS NEWS: Todd Boehly Takes Biggest Risk Yet As Chelsea Exit Leaves Owner No Place To Hide Transfer Window [New Sports News] » Naijacrawl
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As custodians of Chelsea FC, we now begin executing our long-term vision and plan for the club, creating an outstanding experience for its passionate, loyal fans and continuing to challenge for top honours in line with Chelsea FC’s decorated history.Todd Boehly’s words when announcing Chelsea’s new board of directors certainly made it seem that a new era at Stamford Bridge has now truly started. For us, that effort has begun.The composition confirmed that Marina Gra...
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Portugal approves Abramovich’s Chelsea sale to Todd Boehly consortium

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SPORTS NEWS: Portugal approves Abramovich’s Chelsea sale to Todd Boehly consortium [New Sports News] » Naijacrawl
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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...
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New owners to double salary of Chelsea midfielder after takeover

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SPORTS NEWS: New owners to double salary of Chelsea midfielder after takeover [New Sports News] » Naijacrawl
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Mason Mount will receive a massive pay raise after the Todd Boehly group completes its acquisition of Chelsea, according to SportMail.The 23-year-old has established himself as an important member of both the Blues and England squads.Mount led the Premier League with 11 goals and 10 assists this season.The only Chelsea player to score in both games was the England midfielder.Despite his outstanding season, he remains one of the club's lowest paid players, earning £8...
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