Izuchukwu Okosi
Chelsea’s proposed takeover by the Todd Boehly/Clearlake Consortium is nearing completion after talks accelerated with the UK government speaking with ‘international partners’ according to the spokesman of Prime minister Boris Johnson on Tuesday.
Join our WhatsApp ChannelDowning Street chiefs are understood to be liaising with Portuguese counterparts and the European Union.
The Premier League Board has consequently approved the proposed takeover valued at £4.25billion subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction.
The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence.
The members of the Consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.
Chelsea FC will now work with the relevant Governments to secure the necessary licences to complete the takeover which the UK do not expect former owner Roman Abramovich to get any income from.
Izuchukwu Okosi is a Nigerian sports and entertainment journalist with two decades of experience in the media industry having begun his media journey in 2002 as an intern at Mundial Sports International (MSI) and Africa Independent Television (AIT), owners of Daar Communications Plc.
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