Premier League approves Todd Boehly as the new owner of Chelsea in a £4.25bn takeover

Todd Boehly’s consortium has been approved by the Premier League after they passed their owners and directors tests. The government is now expected to give the green signal on the sale before it is completed. 

Here is what the Premier League revealed in a statement about the new owners of Chelsea: 

“The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction,” read the 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.” 

Premier League approves Todd Boehly’s consortium as new owners of Chelsea 

The LA Dodgers owner has been seen at Stamford Bridge for several games. He has also met men’s and women’s first team coaches Thomas Tuchel and Emma Hayes at their training grounds. 

It seems likely that he will be helping the club retain their winning mentality that was established under Roman Abramovich. Following the sale of the club, the first transfer window under the American will be very important. 

Several new players are needed to bolster the first team, and contracts of key players need to be re-negotiated so that they are kept at the club. All in all, the Premier League approval is a huge step that all but confirms Boehly as the new owner of the club. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Kevin De Bruyne

Kevin De Bruyne will Leave Manchester City: Is He...

Kevin De Bruyne has confirmed he will part ways with Manchester City at the end of the...

Premier League 2024-25: Chelsea vs Tottenham – Preview, Prediction...

Chelsea look to secure their top-four position in a London derby. Here's our preview and prediction for...
Premier League to Introduce Semi-Automated Offside Technology on April 12 Following Successful FA Cup Trials

Premier League to Introduce Semi-Automated Offside Technology from April...

The Premier League is set to introduce semi-automated offside technology (SAOT) on April 12, a move that...
How Good is Dean Huijsen? Why Top Clubs Like Real Madrid Want Him

How Good is Dean Huijsen And Why Top Clubs...

Dean Huijsen struggled to break into Bournemouth’s squad in November, yet this week he was a key...
Premier League Announces Extra June Transfer Window for Club World Cup 2025

Premier League Announces Extra June Transfer Window for Club...

The Premier League has confirmed a unique adjustment to its transfer window schedule for the summer of...

LATEST NEWS

MI Coach Breaks Down Tilak Varma’s Retired Out Decision, Says It Was All About Freshness

In a move that sent shockwaves through the cricketing world, Mumbai Indians’ head coach Mahela Jayawardene made a bold decision that left fans and...

IPL 2025: IPL Teams with Most Wins While Chasing Runs

IPL 2025 : When it comes to chasing targets under pressure, few teams have mastered the art like the Kolkata Knight Riders (KKR). The...

Barak FC Crowned Inaugural Nagaland Super League Champions After 3-1 Win Over Longterok FC

Barak FC : Barak FC has etched its name in the history books by becoming the first-ever champions of the Nagaland Super League (NSL),...

IPL Hat Tricks from 2008 to 2025: Complete List of All Bowlers Who Took Hat-Tricks in IPL History

IPL Hat Tricks from 2008 to 2025: The Indian Premier League (IPL) may be a paradise for big-hitting batsmen, but bowlers have had their...

Featured