Premier League approve Boehly's takeover of Chelsea

A pedestrian walks outside Stamford Bridge, home ground of Chelsea football club, in London on May 24, 2022. – Todd Boehly’s takeover of Chelsea received a boost on Tuesday as the British government confirmed talks have started with “international partners” to help complete the protracted sale. Boehly’s consortium agreed a £4.25 billion deal to buy the Premier League club from owner Roman Abramovich on May 7.

And a Premier League statement said Tuesday: “The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium. Russian billionaire Abramovich put Chelsea on the market in early March, just before he was sanctioned by the British government following Russia’s invasion of Ukraine.

Abramovich, who has said he has not asked for his loan to be repaid, is understood to have provided confirmation to the government that his associate, Demetris Ioannides, has resigned from the trust owning Camberley International. “The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.

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That's good and i hope he leads the club on a good path.

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