Good news coming from Stamford Bridge as Chelsea fans and family can rejoice as the last hurdles on the path of Chelsea takeover has finally been approved.
According to the BBC, The Premier league says the consortium
led by LA Dodgers co-owner Todd Boehly has passed its owner’s and directors’
test, and therefore has approved 4.25bn pounds takeover of Chelsea.
It would be recalled that Chelsea was put up for sale before
owner Roman Abramovich was sanctioned over his links to Russian president
Vladimir Putin.
The
purchase remains subject to the Government issuing the required sale licence,
and the final stages of the transaction will then need to be completed, the BBC
reports.
The
report goes further, “We now believe everyone will be ready to issue the
necessary licences” said one insider.
“The
last remaining hurdle boils down to a number of final technical details that
are being discussed with the club.”
Earlier
reports by different tabloids showed that the deal had seemed close to collapse
over concerns proceeds would not reach good causes as promised by Abramovich,
earlier this month.
The
Russian, Abramovich denied that he had asked for his £1.5bn loan to Chelsea be
repaid when the club was sold.
There
were several consortiums who expressed an interest to buy the club, but Chelsea
agreed to sell to the Boehly-led consortium earlier in May.
According
to The BBC, the consortium is led by Boehly but Clearlake Capital, a
Californian private equity firm, would own a majority of the shares in Chelsea.
Other investors include US billionaire Mark Walter, also a co-owner of the LA
Dodgers, and Swiss billionaire Hansjoerg Wyss.
Prior
to the development today, the London based club has been allowed to continue
operating under a special government licence which expires on 31 May.
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