Audio By Carbonatix
The Premier League has approved the £4.25bn takeover of Chelsea by a consortium led by LA Dodgers co-owner Todd Boehly.
The league says the consortium has passed its owner's and directors test.
The Premier League club 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.
The final stages of the transaction will then need to be completed.
The government does not want Abramovich to make any proceeds from the sale.
Earlier this month the deal had seemed close to collapse over concerns proceeds would not reach good causes as promised by Abramovich.
Abramovich denied that he had asked for his £1.5bn loan to Chelsea be repaid when the club was sold.
Several parties expressed an interest but Chelsea agreed to sell to the Boehly-led consortium earlier in May.
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.
Chelsea have been allowed to continue operating under a special government licence which expires on 31 May.
Latest Stories
-
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
3 hours -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
3 hours -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
3 hours -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
3 hours -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
4 hours -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
5 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
5 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
5 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
5 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
6 hours -
JOY FM Drive Time host Lexis Bill leads fans up Aburi Mountain in energetic ‘Walk With Lexis’ fitness experience
6 hours -
2026 World Cup: Ghana to open campaign in Toronto against Panama
7 hours -
President Mahama, Lordina support retired Assemblies of God pastors, widows with medical care and Christmas gifts
7 hours -
2025/26 GPL: Nations FC fight back to claim 2-1 win over Heart of Lions
7 hours -
Tanzania responds to international criticism over October post-election events
7 hours
