Todd Boehly’s proposed takeover of Chelsea moved a step closer to completion on Tuesday when the Premier League board announced it had approved his purchase of the London club.
A consortium led by Boehly, a co-owner of baseball’s Los Angeles Dodgers, had already agreed a £4.25 billion ($5.3 billion) deal to buy the Premier League club from owner Roman Abramovich on May 7.
And a Premier League statement said Tuesday: “The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
“The purchase remains subject to the (British) Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.”