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
-
‘Our hearts are with everyone affected’ — Shatta Wale’s management after ShattaFest UK tragedy
2 hours -
Tech for Girls founder Johanna Swaniker calls for investment to expand digital skills programme in Ghana
4 hours -
NSMQ 2026: Mim SHS, Serwaa Kesse Girls’ and Presec Bechem book national championship spots
4 hours -
Mahama orders roadmap to expand TOR’s refining capacity to 100,000 barrels a day
4 hours -
New Dagbon regent vows to preserve peace and uphold rotational succession
4 hours -
Bills Micro Credit champions health and culture at ‘Homowo Health Walk’
4 hours -
Resetting Ghana: creating jobs, ensuring accountability, and promoting shared prosperity — the role of CIPAC
4 hours -
Trump reaffirms U.S. recognition of Morocco’s sovereignty over Western Sahara
4 hours -
Glasgow 2026: Ghana stripped of historic Commonwealth relay bronze after Canada wins appeal
6 hours -
ShattaFest UK cancelled over stampede incident
6 hours -
Mahama commissions refurbished TOR Crude Distillation Unit, commends management for turnaround
6 hours -
‘Your degree opens the door, but your skills take you further’ – MoMo’s Makafui Mattah urges students
6 hours -
GMet forecasts thunderstorms in northern Ghana, rain expected in parts of the country
7 hours -
Spain attacks ‘selfish’ response of some EU countries to Ceuta migrant crossings
7 hours -
Mountaineer Nirmal Purja killed in Pakistan avalanche, his company says
7 hours