The UK Government have approved Todd Boehly’s £4.25billion Chelsea takeover.
Following on from Tuesday night’s statement from the Premier League confirming they have given the sale the green light,
Whitehall have now followed suit.
They are satisfied ‘that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual.’
The Blues have been up for sale since the beginning of March, with Abramovich stating his intention to hand over control at Stamford Bridge in the aftermath of Vladimir Putin’s invasion of Ukraine at the end of February.
Boehly will become Chelsea’s controlling owner once the buyout is properly finalised, though Californian investment firm Clearlake Capital will assume the majority shareholding.
The proceeds of the sale are going into a frozen bank account controlled by the UK government.
Boehly’s consortium has had to fend of widespread competition to seal a buyout at Stamford Bridge,
The 48-year-old is the co-founder, chairman, CEO, and controlling member of Eldridge Industries,
A Connecticut-based holding company, as well as the interim CEO of the Hollywood Foreign Press Association.
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