The Premier League Board on Tuesday approved the Todd Boehly-led consortium to take over Chelsea.
The consortium consists of fellow Dodgers co-owner Mark Walter, Swiss billionaire Hansjorg Wyss, and British property investor Jonathan Goldstein. the group tabled an amount of £4.25 to take over the Club.
The only thing left is for the UK Government to approve and issue the required sales License. according to BBC reporter Dan Roan, the deal could be struck tonight as the final technical details are being discussed.
The official statement from the Premier League Board.
The Premier League reads: “The Premier League Board has today (Tuesday) 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 license 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.PTodd Boehly, Hansjorg Wyss, and Mark Walter.
“Chelsea FC will now work with the relevant Governments to secure the necessary licenses to complete the takeover.”
The statement will come as a piece of good news to the Blues family and Chelsea manager as they can go about their normal business in the summer transfer.
Thomas Tuchel had ready confirm that Chelsea need to strengthened their squad if what to compete with Manchester United and Liverpool for the Premier League title next season.
With notable departure like Antonio Rudiger,Andreas Christensen and Marcos Alonso Chelsea need to buy at least two defenders to replace them.
Why was Chelsea put up for sale?
Roman Abramovich put the Club on sale on 2nd March 2022 when there were calls for the Uk Government to sanction the Russian Billionaire because of his close relationship with President of Russia Vladimir Puttin.
On the 10th of march, the Uk Government sanctioned Roman Abramovich which resulted in his assets being frozen which affected the operations of the West London Club. The sanction came with a lot of restrictions and Abramovich was made to use all the proceeds from the sale of the Club for charity.
What Chelsea could not do?
- Chelsea could not sell tickets for home matches, only season ticket holders were allowed to attend matches
- Chelsea could not renew the contracts of existing players. Thomas Tuchel in confirming the departure of Antonio Rudiger cited as one of the reasons Chelsea could not renew the contract of the Madrid-bound player.
- Chelsea could not buy and sell new players while operating under the special license.
Roman Abramovich spent 19 years as the owner of Chelsea and won six Premier League trophies, two Champions League, FIFA Club World Cup, five FA Cups, two Europa League, three League Cups, two Community Shields, and one UEFA Super Cup.
Thank you Roman Abramovich for the beautiful memories and all the best in your future endeavors.