Deal is set to bring an end to Roman Abramovich's 19-year ownership of Chelsea, in which the club has won 21 trophies including five Premier League titles and two Champions Leagues.

Abramovich bought the club from Ken Bates for £140m in 2003, and will not benefit from this sale.

The government has approved the £4.25bn Todd Boehly-led consortium takeover of Chelsea.

After months of negotiations, the deal has finally been approved after the government received legal guarantees that Roman Abramovich - who has had his UK assets frozen - will not benefit from the sale.

Russian-Israeli billionaire Abramovich put Chelsea, which he purchased in 2003, up for sale on March 2, a week after Vladimir Putin's invasion of Ukraine on February 24.

"Last night the Government issued a licence that permits the sale of Chelsea," said culture secretary Nadine Dorries. "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.

"We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals. I want to thank everyone, especially officials who've worked tirelessly to keep the club playing and enable this sale, protecting fans and the wider football community."

On Tuesday night, the Premier League approved the takeover, with its board applying "the Premier League's Owners' and Directors' Test (OADT) to all prospective Directors" and undertaking "the necessary due diligence".

Sky Sports News understands that the proceeds of the sale are going into a frozen bank account controlled by the government.

Chelsea have been operating under a special government licence, which expires on May 31, albeit with restrictions over signing and selling players and offering new contracts to stars.

Boehly, co-owner of the LA Dodgers baseball team, and fellow consortium member Hansjörg Wyss were at Stamford Bridge for Sunday's final 2-1 win over Watford.

US magnate Boehly will become Chelsea's controlling owner once the takeover is complete, though California investment firm Clearlake Capital will assume the majority shareholding.

https://www.skysports.com/football/news/11095/12620164/chelsea-takeover-todd-boehlys-4-25bn-bid-approved-by-government-as-roman-abramovich-era-set-to-end

If not for what the UK government did to us last season we would have been the one playing the champions league final against Liverpool on Saturday. Imagine trashing both Liverpool and Tinubu on the same day?

A new turn?

The UK has caused many problems for the world, Nigeria inclusive.

The main problem of Nigeria is Fulani and the UK. The UK will purge if they realize Nigeria is divided because it's that day their selfish desires end.

Malory:
If not for what the UK government did to us last season we would have been the one playing the champions league final against Liverpool on Saturday. Imagine trashing both Liverpool and Tinubu on the same day?

Would have been orgasmic

Time to flush out useless players like Pulisic and others.

e Don be for the agbero club no more russian corruption money ,I give Chelsea 2 years to become like Manchester united ,I see Chelsea fans reminiscing of the old abramovich era,just as manure fans reminisce of the old ferguson era at any given opportunity...the only thing in the brain of a manure fan is Alex ferguson and " suiii" ,they ve all given up in life, their only achievement is seeing ronaldo score so they can shout " suiiii" then return back to their 7th position on the table then go home and wànk all night...this might be Chelsea in 2 years time

Ok

UK government and the forceful sale of Chelsea is scam of the year.

powerfulguy:
Deal is set to bring an end to Roman Abramovich's 19-year ownership of Chelsea, in which the club has won 21 trophies including five Premier League titles and two Champions Leagues.

Abramovich bought the club from Ken Bates for £140m in 2003, and will not benefit from this sale.


https://www.skysports.com/football/news/11095/12620164/chelsea-takeover-todd-boehlys-4-25bn-bid-approved-by-government-as-roman-abramovich-era-set-to-end

It's not about buying the club..it's about loving the club and being willing to invest and get the needed hands ..just like ABRAMOVICH loved the club..I pray they don't make Chelsea a second class team like Manchester United and Arsenal

New touts to rule while the real touts in Nigeria will start boasting as the went trophyless

New dawn!

LET'S GO THERE.
BLUES FOR LIFE.

ANOTHER chapter open.
We move from ONE Billionaire owner to a couple of BILLIONAIRES!!!
Life is Good.

We even got 2 Billion Pounds more than what our club was put on sale for.
This is only the beginning.

Addendum :
We can never forget Roman for all the good things he did for our club.
All the trophies and happy moments.
He is one of our LEGEND.
#Respect.

You brought Chelsea to limelight Roman Abramovich,you'll always be remembered....

powerfulguy:
Deal is set to bring an end to Roman Abramovich's 19-year ownership of Chelsea, in which the club has won 21 trophies including five Premier League titles and two Champions Leagues.

Abramovich bought the club from Ken Bates for £140m in 2003, and will not benefit from this sale.


https://www.skysports.com/football/news/11095/12620164/chelsea-takeover-todd-boehlys-4-25bn-bid-approved-by-government-as-roman-abramovich-era-set-to-end

Chelshit FC outta dungeon at last. May this new owner be stingy than Kroenke. May Chelsea suffer more than Arsenal and Manchester United for the next 20 years. The only cup they ll smell ll be only League Cup, Amen.

If dem born any Chelsea fan well make he no say a louder amen.

Farmers

Like for manutd and share for chelsea

Malory:
If not for what the UK government did to us last season we would have been the one playing the champions league final against Liverpool on Saturday. Imagine trashing both Liverpool and Tinubu on the same day?

I don't think some people can sléep well on top Tinubu matter. Even in sport forum you still mention Tinubu?

Anthropo:
You brought Chelsea to limelight Roman Abramovich,you'll always be remembered....

We can never forget Roman for all the good things he did for our club.
All the trophies and happy moments.
He is one of our LEGEND.
#Respect.

Thieves, they just robbed Abramovic of his investments. The UK government are nothing but corrupt thieves

Malory:
If not for what the UK government did to us last season we would have been the one playing the champions league final against Liverpool on Saturday. Imagine trashing both Liverpool and Tinubu on the same day?

Keep consoling yourself o.

This will definitely backfire

Sweetplum:
Chelshit FC outta dungeon at last. May this new owner be stingy than Kroenke. May Chelsea suffer more than Arsenal and Manchester United for the next 20 years. The only cup they ll smell ll be only League Cup, Amen.

If dem born any Chelsea fan well make he no say a louder amen.

Take ya louder amen for head.....

UK is, and will ever remain US asslickers!!


How has their actions solve the crisis between Russia and Ukraine?

post=113151051:
.

Just say amen to my prayers.

Hate it or leave it , CHELSEA still remain one of the best club in the world , haters carry the mata mix garri with cement powder all goes......

Good one for us.. it's indeed a good business.... Nigerian government should borrow ideas from roman and it's management on how they manage to turn things around at Chelsea

"Abramovich bought the club from Ken Bates for £140m in 2003, and will not benefit from this sale". Can you imagine

British "thieves" government as usual have succeeds in taking roman abrahmovic wealth after all his hard effort in transforming our beloved Chelsea to a big club ever since he bought the club...

I wonder if Roman abrahmovic looks like Putin to them.....hiding under the guise of sanctions to steal people's property as always