5/25, 8:37 AM (Source: TeleTrader)
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UK government clears Chelsea FC takeover

The United Kingdom government announced Wednesday that it approved Todd Boehly's acquisition of Chelsea Football Club, the administration said in a statement.

"Late last night, the UK Government reached a position where we could issue a license that permits the sale of Chelsea FC. Following the sanctioning of Roman Abramovich, the Government has worked hard to ensure Chelsea FC has been able to continue to play football," a government spokesperson said.

Earlier, it was known that the Premier League Board also decided to officially approve the proposed £4.25 billion ($5.2 billion) takeover of Chelsea FC by the Todd Boehly/Clearlake Consortium.

Baha Breaking News (BBN) / JG