Todd Boehly's bid to purchase Chelsea FC from Roman Abramovich was approved by the premier league on Tuesday, leaving the final step of the sale to the U.K. government.
There will be a bridge on May 22, 2022, in London, England. Clive Rose poses for a picture.
The takeover was approved after all prospective board members passed the owners and directors test.
Boehly is a co-owner of the Los Angeles Dodgers with Mark Walter and Hansjorg Wyss.
The purchase of the club is in the hands of the British government, according to the league.
The U.K. approved the sale of the club to Roman Abramovich, but the British government wants to make sure no money goes to him.
A spokesman for the British Prime Minister Boris Johnson said Tuesday that the government is holding intense discussions with the club about the sale.
$5 billion. According to multiple reports, Boehly's consortium will pay a record price for a professional sports team. The previous record for a team was set in the year 2019: when Joe Tsai paid over $3 billion for the Brooklyn Nets.
Forbes estimates that Russian billionaire Roman Abramovich has a net worth of $9.1 billion. In March, the team will be sold byAbramovich, who was under pressure from British politicians over his reported ties to Russian President Putin. The U.K. imposed sanctions on him after he planned to sell the team and donate the proceeds to the victims of the war in Ukraine. A group of billionaires, including Britain's richest man Sir James Ratcliffe and the owners of the Chicago Cubs, are trying to purchase the team.
The group struck a deal to buy the team.
Todd Boehly is in talks to acquire the club. Sir James Ratcliffe submitted a bid.
Russian billionaire Roman Abramovich wants to sell his football team.
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