Last updated on .From the section Chelsea
Todd Boehly is a co-owner of the LA Dodgers.
The league says the consortium has passed its tests.
Roman Abramovich's club was put up for sale before he was hit with sanctions over his ties to Putin.
The required sale licence is still required by the Government.
The transaction needs to be completed in the final stages.
The government does not want to see any money from the sale.
The deal was close to collapsing earlier this month due to concerns that proceeds wouldn't reach good causes.
He denied that he asked for the loan to be repaid when the club was sold.
Several parties expressed an interest but the Boehly-led consortium agreed to sell.
Clearlake Capital would own a majority of the shares in the consortium. Mark Walter is a co-owner of the LA Dodgers.
The special government licence that allows Chelsea to operate expires on 31 May.
Russia invades Ukraine.
26 February: Roman Abramovich gives stewardship and care to the club.
The owner of the club says he plans to sell it.
The UK government has imposed sanctions.
The owner of the club denied that he asked for a 1.5 billion loan to be repaid.
Todd Boehly agreed to a deal for the club.
The deal is close to collapsing according to a government insider.
More to come.
All Rights Reserved © 2024
