London: The Premier League has approved the proposed sale of Chelsea to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, although the British government still needs to sign off on the deal before it can be completed. Boehly has already agreed to buy the club for 2.5 billion pounds ($3.1 billion) the highest price ever for a sports team with Roman Abramovich's ownership tenure poised to end after 19 years.
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The Premier League said in a statement Tuesday that its board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium. It added that the purchase remains subject to the government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.
