Cyprus Mail
FootballPremier League

Britain approves Chelsea FC sale, sports minister says

roman abramovich passes stewardship to chelsea's charitable foundation
The UK government has agreed on the £4.25bn sale of the club to a consortium led by Todd Boehly, co-owner of the LA Dodgers baseball team

 The British government issued a licence last night that permits the sale of football club Chelsea, sports minister Nadine Dorries said on Wednesday.

Current owner Roman Abramovich is subject to sanctions by the British government. He put the London club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”.

“We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals,” Dorries said on Twitter.

“Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured under a new owner.”

On Tuesday the Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners’ and Directors’ Test. 

Related Posts

Bale agrees to join Los Angeles FC following Real Madrid exit

Press Association

Boehly exploring player trade deals to freshen up Chelsea squad

Press Association

Swiss appeals court convicts ex-FIFA official Valcke of accepting bribes

Cardiff fans excited by Bale’s visit to club’s training ground

Press Association

1.2 million tickets sold for Qatar World Cup

Match of the century: Iran’s history man Mahdavikia recalls US clash