JAKARTA – The Premier League has approved Boehly-Clearlake to acquire Chelsea. The consortium has passed the owner eligibility test conducted by the Premier League directors.
Boehly-Clearlake had previously agreed terms to acquire the Blues for 4.25 billion pounds (IDR 77 trillion) earlier this month.
However, the proposal requires approval from the UK government before the consortium concerned completes the acquisition. They have a week remaining before the club's current operating license expires on May 31.
"Chelsea FC will now work with the relevant governments to secure the necessary licenses to complete the takeover," the Premier League said in a statement.
Members of the consortium that bought the London club were affiliates of Clearlake Capital Group, LP, Todd Boehly, Hansjorg Wyss and Mark Walter.
The British government will approve the sale after Chelsea owner Roman Abramovich gave assurances that he would not benefit from the deal.
Abramovich, who is a Russian tycoon, is currently under British government sanctions. The sanctions forced him to decide to sell the London club in early March following Russia's invasion of Ukraine, which Moscow calls a special military operation.
Abramovich had previously dismissed reports he wanted the loan granted to the club, reportedly worth £1.5 billion, to be repaid.
Meanwhile, Chelsea have also confirmed that all proceeds from the sale, which will be placed in frozen UK bank accounts, will be donated to charitable causes by Abramovich.
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