Nick Emms - 6h ago
The Premier League have approved the Todd Boehly-led consortium's takeover of Chelsea.
The American-Swiss party are now set to be officially unveiled as the new owners of Chelsea before the May 31 deadline.
This comes as the Premier League released a statement, confirming their takeover has now been approved.
The statement reads: "The Premier League Board has today (Tuesday) approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
"The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.
"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."
© Provided by Absolute Chelsea on FanNationIMAGO / PA Images
It remains to be seen as to when an official announcement will take place, with the UK Government now set to issue new licences for Chelsea to complete the takeover.
BBC News journalist Dan Roan has now reported that the takeover could be struck tonight, with final technical details being discussed.
The news will come as a much needed boost to Chelsea and Thomas Tuchel, who will now look to plan for the future ahead of the summer transfer window.
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