Premier League Set To Take Final Decision On Chelsea Takeover

Date:

The Premier League is set to approve the Todd Boehly-led consortium’s takeover of Chelsea, ESPN reports.

However, a key stumbling block remains as discussions between current owner Roman Abramovich and the UK government continue.

Although the league has described the process as “ongoing,” it is believed the bid spearheaded by Los Angeles Dodgers part-owner Boehly will pass the league’s Owners and Directors’ Test (OADT) in the coming days.

But a separate agreement must be found between Abramovich and the government over what happens to the £2.5bn asking price.

After being sanctioned by the UK government for alleged ties to Russian President Vladimir Putin, Abramovich is not allowed to personally benefit from the proceeds of any sale.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

CHRIST IN KIDS NETWORK LAUNCHES DAILY DEVOTIONAL FOR KIDS

Driven by the desire to address the high rate...

S. Korea’s trade deficit tops $10bn in first 20 days of August

South Korea’s trade deficit topped 10 billion dollars in...

Police arrest 8 in connection with kidnap of NURTW chair

Osun Police Command on Sunday said it had arrested...

Mbappe scores after 8 seconds and hits hat-trick in 7-1 win

Kylian Mbappe equalled the record for the fastest goal...