Premier League approves Boehly's Chelsea takeover

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Premier League approves Boehly's Chelsea takeover
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The government does not want Abramovich to make any proceeds from the sale.

The Premier League has approved the £4.25bn takeover of Chelsea by a consortium led by LA Dodgers co-owner Todd Boehly.The Premier League club was put up for sale before owner Roman Abramovich wasThe final stages of the transaction will then need to be completed.

The government does not want Abramovich to make any proceeds from the sale but sources are optimistic about a deal being finalised on Tuesday night."The last remaining hurdle boils down to a number of final technical details that are being discussed with the club."over concerns proceeds would not reach good causes as promised by Abramovich.

Chelsea have been allowed to continue operating under a special government licence which expires on 31 May.

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