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Sunday, September 4, 2022

UK Government Gives Final Verdict on the Sale of Chelsea FC

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The UK authorities have given its ultimate verdict because it considerations the sale of Chelsea Soccer Membership following the sanction on Roman Abramovich.

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The excellent news for all Chelsea followers got here from the choice which was taken following a gathering late on Tuesday. In line with experiences from the end result of the assembly, the UK authorities is glad that nothing from the sale proceeds can be despatched to Abramovich.

Late final evening the UK Authorities reached a place the place we might situation a licence that allows the sale of Chelsea Soccer Membership. Following the sanctioning of Roman Abramovich, the Authorities has labored laborious to make sure Chelsea Soccer Membership has been in a position to proceed to play soccer. However we’ve all the time been clear that the long-term way forward for the membership might solely be secured underneath a brand new proprietor. Following intensive work, we at the moment are glad that the complete proceeds of the sale won’t profit Roman Abramovich or another sanctioned particular person. We are going to now start the method of making certain the proceeds of the sale are used for humanitarian causes in Ukraine, supporting victims of the battle. The steps right this moment will safe the way forward for this essential cultural asset and shield followers and the broader soccer group. Now we have been in discussions with related worldwide companions for vital licences required and we thank them for all their co-operation.

The information got here after the Premier League authorised the ultimate takeover of Chelsea by Todd Boehly/ Clearlake Consortium.

The Premier League Board has right this moment authorised the proposed takeover of Chelsea Soccer Membership by the Todd Boehly/Clearlake Consortium. The acquisition stays topic to the Authorities issuing the required sale licence and the passable completion of the ultimate phases of the transaction.

It’s reported that Chelsea are able to spend not less than £200 million in the course of the summer season switch window.

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