Premier League Approve Chelsea takeover by Todd Boehly Consortium

The Premier League have approved the proposed takeover of West London outfit Chelsea Football Club by the Todd Boehly/Clearlake Consortium.

The 46 year-old American who is at the head of a multi-billion pound consortium, threw his name into the ring to buy the cash-strapped west Londoners following the UK Government’s sanctions on former owner Roman Abramovich.

Boehly had already PASSED the Premier League’s Owner and Directors Test, now the £4.25 billion pounds deal has moved a step closer to coming to fruition after receiving the green light from Premier League bosses.

A statement revealed: “The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium. The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.”

The UK Government as well as the European parliament, still need to sign off on the deal in order to officially bring about the end of the Roman Abramovich era.

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