Todd Boehly’s consortium will complete the purchase of Chelsea after the government confirmed that they had issued a license to allow the sale. He had been arrested for worrying that the deal’s £ 4.2bn deal could benefit sanctioned owner Roman Abramovich, but legal guarantees have now been provided that this will not happen.
There had been growing concern among fans that the sale could be delayed beyond the deadline set for the end of May, with the Premier League confirming the line-up for the 2022-23 campaign in early June. Thomas Tuchel’s team finished third last season and will now look to move forward with their new owners.
Boehly joins Hansjorg Wyss and Clearlake Capital in the consortium. They avoided competition from people like Sir Martin Broughton, Steve Pagliuca and a late attempt by Sir Jim Ratcliffe when Abramovich closed his term.
READ MORE: When Chelsea return for pre-season, when Thomas Tuchel makes a big transfer request to Todd Boehly
In 19 years of ownership of the oligarch, Chelsea won 19 trophies, but after the Russian invasion of Ukraine, Abramovich put the club up for sale. Days later, he was sanctioned by the UK government for alleged links to Vladimir Putin, which he has always denied.
However, his assets froze and Chelsea were subsequently restricted, unable to negotiate new transfer fee contracts before a crucial summer. But those restrictions will be eased now.
On Twitter on Wednesday morning, MP Nadine Dorries, Secretary of State for Digital, Culture, Media and Sports, confirmed that the sale could go ahead, and wrote: “Last night the Government issued a license that allows the sale of @ChelseaFC.the sanctions we put on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured with a new owner.
“We are pleased that the proceeds from the sale will not benefit Roman Abramovich or other sanctioned people. I want to thank everyone, especially the officials who have worked tirelessly to keep the club playing and allow this sale, protecting the fans and the community. football in general. “
Read more related articles Read more related articles