Advertisement

Home / Sports / Football / Chelsea takeover gets UK government's approval

Chelsea takeover gets UK government's approval

Government is convinced the sale of the club will not benefit Roman Abramovich
Roman Abramovich
Roman Abramovich
File Picture

Our Bureau And Agencies   |   Published 25.05.22, 02:56 PM

English Premier League club Chelsea's takeover has been approved by the UK government that is convinced the sale “will not benefit Roman Abramovich”, according to en.as.com.

According to the website, the Blues were unanimous on the terms for "the sale of the club to an ownership group led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss for £4.25billion earlier in May." The contract was passed by the Premier League on Tuesday. 

Nadine Dorries, UK secretary of state for department for digital, culture, media and sport, clarifid on Wednesday the sale had been okayed the previous evening.

“Last night the Government issued a licence that permits the sale of Chelsea FC,” she said in a statement on her Twitter page.

And she further wrote, “Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured under a new owner."

“We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals.

“I want to thank everyone, especially officials who’ve worked tirelessly to keep the club playing and enable this sale, protecting fans and the wider football community.”

The takeover assures an investment of £1.75billion and proceeds are likely to go to the victims of the Ukraine war.



Advertisement
Advertisement
Advertisement
 
 
 
Copyright © 2020 The Telegraph. All rights reserved.