Premier League Approves Chelsea Sale to Dodgers Part-Owner – Los Angeles

The Premier League approved the proposed sale to a consortium headed by Todd Boehly, part-owner of the Los Angeles Dodgers. However, the British government must approve the deal before it can be finalized.

Boehly has already agreed to buy the club for 2.5 billion pounds ($3.1 billion) — the highest price ever for a sports team — with Roman Abramovich’s ownership tenure poised to end after 19 years.

The Premier League Statement Tuesday that its board “has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.”

It added that “the purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.”

The deal is still in place as the British government ensures that Abramovich, who was sanctioned for his links with Russian President Vladimir Putin’s family, is not detained. The club is not being forced to be sold..

Chelsea has been operating under a government license since Abramovich’s assets were frozen in March and it expires on May 31.

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