{"id":262627,"date":"2022-05-26T01:53:19","date_gmt":"2022-05-25T20:53:19","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=262627"},"modified":"2022-05-26T01:53:19","modified_gmt":"2022-05-25T20:53:19","slug":"uk-govt-approves-4-25-bn-euros-chelsea-sale","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/uk-govt-approves-4-25-bn-euros-chelsea-sale\/","title":{"rendered":"UK govt approves 4.25 bn Euros Chelsea sale"},"content":{"rendered":"<p> LONDON<br \/>\nRoman Abramovich\u2019s 19-year reign as owner of the west London club is all set to come to an end as Todd Boehly\u2019s consortium received the green light<br \/>\nThe sale of Chelsea to a consortium led by American billionaire Todd Boehly has been approved by the UK government and the Premier League as Roman Abramovich\u2019s 19 years running the west London club moves closer to its end.<br \/>\nThe total investment will cost \u00a34.25 billion ($5.2bn), with \u00a32.5bn ($3.2bn) ending up being the sale price of the club, while there is an agreement in place that \u00a31.75bn (2.1$bn) will be invested over 10 years.<br \/>\nThe purchase agreement was signed a fortnight ago and has been waived through by the Premier League Owners\u2019 and Directors\u2019 test, while the government has now facilitated the financial transaction.<br \/>\n\u201cThe Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly \/ Clearlake Consortium,\u201d the league said in a statement.<br \/>\n\u201cThe purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.<br \/>\n\u201cThe Board has applied the Premier League\u2019s Owners\u2019 and Directors\u2019 Test (OADT) to all prospective Directors, and undertaken the necessary due diligence.<br \/>\n\u201cThe members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.<br \/>\n\u201cChelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Roman Abramovich\u2019s 19-year reign as owner of the west London club is all set to come to an end as Todd Boehly\u2019s consortium received the green light The sale of Chelsea to a consortium led by American billionaire Todd Boehly has been approved by the UK government and the Premier League as Roman Abramovich\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":262646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7730,7731,7729],"class_list":{"0":"post-262627","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports","8":"tag-chelsea-sale","9":"tag-euros","10":"tag-uk-govt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK govt approves 4.25 bn Euros Chelsea sale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/uk-govt-approves-4-25-bn-euros-chelsea-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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