The UK government said Wednesday it had given the green light to Todd Boehly’s proposed takeover of Chelsea football club from the sanctioned Russian oligarch Roman Abramovich.
“We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals,” tweeted Secretary of State for Digital, Culture, Media and Sport Nadine Dorries.
The British government had issued a license last night that permits the sale of Chelsea.
Current owner Roman Abramovich is subject to sanctions by the British government. He put the London club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”.
“We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals,” Dorries said on Twitter.
“Given the sanctions we placed on those linked to Putin and the bloody invasion of Ukraine, the long-term future of the club can only be secured under a new owner.”
On Tuesday the Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners’ and Directors’ Test.
(With inputs from Agencies)