Breaking News – Premier League approve Chelsea takeover bid

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The Premier League have approved the takeover bid of Chelsea football club – it has been announced

Roman Abramovic was forced to put Chelsea up for sale for obvious reasons – which meant that American billionaire Ted Boehly had the chance to complete a deal for Chelsea football club – believed to be over £4 billion

Now – The government is expected to approve the takeover of Chelsea in the next week after also receiving legal guarantees that Roman Abramovich will not benefit from the sale of Chelsea meaning that they can approve the deal

The Premier League added in a statement: “The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence.

“The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter. Chelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover.”

Sky Sports has reported: ‘UK officials continue intense discussions with both the European Commission and their Portuguese counterparts in an effort to complete the sale of Chelsea as quickly as possible, yet the complexity and bureaucratic nature of the deal mean the process could slow down.”

“We are working closely with Chelsea to progress the sale,” said the Prime Minister’s official spokesman. “We are holding intense discussions with the relevant international partners to get the necessary approvals.

“We want to get this process done as soon as possible while also ensuring the sanctions regime is protected, but we will say more on this as soon as we possibly can.”

IcFootballnews View…

Chelsea fans will thank Abramovic for all that he achieved as owner of the club – but they really needed this fresh start – so it could be some exciting times ahead

Iomie

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Hey guys my name is Iomie, the creator of IcFootballnews.com I love, breathe and know football inside out, having played at a semi-professional level in my younger years before I picked up an injury that ended my once promising career. So now I get to write about it and share to the whole world my thoughts on the current news, gossip and speculation that is around, and hopefully you guys like it too. IcFootballnews is by a fan, for the fans..and will be for the foreseeable future