The government authorizes the takeover of Chelsea

British Minister of Culture, Media and Sports Nadine Doris announced on Wednesday that the British government has allowed the acquisition of Chelsea Football Club, owned by Russian Roman Abramovich since 2003.

“Last night the government issued a license allowing the sale of Chelsea FC,” the minister said on Twitter, stressing that “we are confident that the proceeds from the sale will not benefit Roman Abramovich or other sanctioned persons for their relations with the Kremlin. I would like to thank everyone, And especially the officials who have worked tirelessly to keep the club playing and to enable this sale, protecting fans and the wider football community.” The Premier League, on Tuesday, approved the acquisition of Chelsea Football Club led by American businessman Todd Boehle, co-owner of the Los Angeles Dodgers. On May 7 this consortium drafted a £4.25 billion bid to acquire the London club.

The consortium is led by Boehly, but Clearlake Capital, a California-based private equity firm, is expected to own a majority of Chelsea’s shares. Other investors include American billionaire Mark Walter, who is also a co-owner of the Los Angeles Dodgers, and Swiss billionaire HansGeorg Weiss.

This season, the Blues reached the finals of the FA Cup and League Cup, but lost them to Liverpool. Third place in the English Premier League, and the club qualified for the next Champions League.

SL (with MAP)

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