ADVERTISEMENT
  • Home
  • Advertise
  • Privacy & Policy
  • Contact
Sports Intelligence Magazine
  • Home
  • Football
    • FIFA
    • Football Leagues
      • EPL
      • La Liga
      • NFL
    • World Cup
      • Friendly
    • CAF
      • AFCON QUALIFIER
      • CAF PRESS RELEASE
    • UEFA
      • Europa League
      • UEFA NATIONS LEAGUE
    • Football Club
    • FA Cup
  • Athletics
    • IAAF PRESS RELEASE
  • Combat Sports
    • Boxing
  • Basketball
  • Tennis
    • Table Tennis
  • Other Sports
    • Golf
    • Auto Sports
      • Cycling
      • Moto GP
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Sunday, February 5, 2023
  • Home
  • Football
    • FIFA
    • Football Leagues
      • EPL
      • La Liga
      • NFL
    • World Cup
      • Friendly
    • CAF
      • AFCON QUALIFIER
      • CAF PRESS RELEASE
    • UEFA
      • Europa League
      • UEFA NATIONS LEAGUE
    • Football Club
    • FA Cup
  • Athletics
    • IAAF PRESS RELEASE
  • Combat Sports
    • Boxing
  • Basketball
  • Tennis
    • Table Tennis
  • Other Sports
    • Golf
    • Auto Sports
      • Cycling
      • Moto GP
  • en English
    ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Sports Intelligence
No Result
View All Result
Home Football

Premier League Approves Proposed Takeover of Chelsea By Boehly-led Consortium

by Agency Report
May 24, 2022
in Football
https://soulmateng.net/ https://soulmateng.net/ https://soulmateng.net/
ADVERTISEMENT
Share on FacebookShare on TwitterShare on WhatsApp

The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners’ and Directors’ Test, the league said on Tuesday, paving the way for the club’s takeover.

The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before the club’s current operating licence expires on May 31.

RELATED POSTS

Exif_JPEG_420

SWAN President, Sirawoo, Bags Doctorate Degree In Mass Communication

February 4, 2023

NPFL: IMC Orders Elkanemi Warriors To Play Under Closed Doors

February 2, 2023

Super Falcons Get Nations Cup Bonus After 7 Months

February 2, 2023

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

ADVERTISEMENT

“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.”

The British government is set to approve the sale after Chelsea’s Russian owner Roman Abramovich gave assurances he will not benefit from the deal, a source familiar with the situation told Reuters. read more

ADVERTISEMENT

Currently subject to sanctions by the British government, Abramovich put the London club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”.

Abramovich dismissed reports that he wanted a loan given to the club, reportedly worth 1.5 billion pounds ($1.88 billion), to be repaid. read more

Chelsea previously confirmed all proceeds from the sale, which would be placed in a frozen UK bank account, will be donated to charitable causes by Abramovich. read more

Groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton were earlier eliminated from the bidding process while a consortium led by Chicago Cubs owners the Ricketts family pulled out of the running.

-REUTERS

Tags: ChelseaEPLfootball

Get real time Updates about related articles. Subscribe now

Unsubscribe

Related Posts

Exif_JPEG_420

SWAN President, Sirawoo, Bags Doctorate Degree In Mass Communication

February 4, 2023

NPFL: IMC Orders Elkanemi Warriors To Play Under Closed Doors

February 2, 2023

Super Falcons Get Nations Cup Bonus After 7 Months

February 2, 2023

NPFL Hammer Falls On Bayelsa United For Assault on Match official

February 2, 2023
Load More

Discussion about this post

No Result
View All Result
SoulMate SAY NO TO RAPE

Recent Posts

  • SWAN President, Sirawoo, Bags Doctorate Degree In Mass Communication February 4, 2023
  • NPFL: IMC Orders Elkanemi Warriors To Play Under Closed Doors February 2, 2023
  • Super Falcons Get Nations Cup Bonus After 7 Months February 2, 2023
  • NPFL Hammer Falls On Bayelsa United For Assault on Match official February 2, 2023
  • Southampton Boss Reveals Why Nigeria’s Onuachu Was Signed February 1, 2023
  • NPFL Match Day 5 Round-Up: Bendel Insurance, Plateau United, Abia Warriors Secure Wins As Wikki Tourists Suffer Defeat Again February 1, 2023
  • Kumba Zainab Brima Goes Top of Sierra Leone Women League February 1, 2023

Archives

Tags

AFCON 2021 Arsenal athletics Atletico Madrid BADMINTON Badminton Federation of Nigeria Barcelona boxing CAF Chelsea COVID-19 EPL Everton FIFA football Jurgen Klopp Juventus Laliga Liverpool Lockdown Manchester City Manchester United Man City Messi NFF Nigeria Football Supporters Club NPFL Pep Guardiola PRESS RELEASE PSG Qatar 2022 FIFA World Cup Real Madrid Rev. Samuel Ikpea rugby super eagles Super Falcons SWAN table tennis tennis Tokyo 2020 Olympics Tottenham Tottenham Hotspur UEFA Champions League World Athletics World Cup Qualifier
http://www.soulmateng.net/ http://www.soulmateng.net/
ADVERTISEMENT

The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners' and Directors' Test, the league said on Tuesday, paving the way for the club's takeover.

The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before the club's current operating licence expires on May 31.

"The Board has applied the Premier League's Owners' and Directors' Test (OADT) to all prospective Directors, and undertaken the necessary due diligence," the league said in a statement.

"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."

The British government is set to approve the sale after Chelsea's Russian owner Roman Abramovich gave assurances he will not benefit from the deal, a source familiar with the situation told Reuters. read more

Currently subject to sanctions by the British government, Abramovich put the London club up for sale in early March following Russia's invasion of Ukraine, which Moscow calls a "special military operation".

Abramovich dismissed reports that he wanted a loan given to the club, reportedly worth 1.5 billion pounds ($1.88 billion), to be repaid. read more

Chelsea previously confirmed all proceeds from the sale, which would be placed in a frozen UK bank account, will be donated to charitable causes by Abramovich. read more

Groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton were earlier eliminated from the bidding process while a consortium led by Chicago Cubs owners the Ricketts family pulled out of the running.

-REUTERS

No Result
View All Result
  • Home
  • Football
  • Athletics
  • Tennis
  • BREAKING NEWS
  • The Next Big STAR

© 2020 Sports Intelligence Magazine by Heptano Communications.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In