Premier League board approve Chelsea takeover by Boehly group / Photo: Glyn KIRK - AFP
-
Cardinals lay groundwork for conclave, hope for quick vote
-
More automakers drop earnings guidance over tariffs
-
William and Kate release romantic image on low-key anniversary
-
Israel says strikes Syria to shield Druze as clashes spread
-
Champions Cup format 'not perfect' says EPCR boss
-
Iran hangs man as Israeli spy after 'unfair' trial: activists
-
Stock markets mostly rise ahead of US economic data, tech earnings
-
German growth better than expected but tariff turmoil looms
-
Sinner denies beneficial treatment in doping scandal ahead of Rome return
-
Eurozone economy grows more than expected despite US tariff turmoil
-
Toulouse hooker Mauvaka out of Champions Cup semi
-
Germany's next finance minister, 'bridge-builder' Lars Klingbeil
-
Mehidy century puts Bangladesh in command against Zimbabwe
-
Steelmaker ArcelorMittal warns of uncertainty
-
Vietnam's Gen-Z captivated by 50-year-old military victory
-
Moroccan-based cardinal says Church does not need Francis 'impersonator'
-
US official tells UN top court 'serious concerns' over UNRWA impartiality
-
Jeep owner Stellantis suspends outlook over tariffs
-
New Zealand, Phillippines sign troops deal in 'deteriorating' strategic environment
-
Aston Martin limits US car imports due to tariffs
-
Pakistan says India planning strike as tensions soar over Kashmir
-
Australian triple-murder suspect allegedly cooked 'special' mushroom meal
-
Most stock markets rise despite China data, eyes on US reports
-
TotalEnergies profits drop as prices slide
-
Volkswagen says tariffs will dampen business as profit plunges
-
Jeep owner Stellantis suspends 2025 earnings forecast over tariffs
-
China's Shenzhou-19 astronauts return to Earth
-
French economy returns to thin growth in first quarter
-
Ex-Premier League star Li Tie loses appeal in 20-year bribery sentence
-
Belgium's green light for red light workers
-
Haliburton leads comeback as Pacers advance, Celtics clinch
-
Rahm out to break 2025 win drought ahead of US PGA Championship
-
Japan tariff envoy departs for round two of US talks
-
Djurgarden eyeing Chelsea upset in historic Conference League semi-final
-
Haliburton leads comeback as Pacers advance, Pistons stay alive
-
Bunker-cafe on Korean border paints image of peace
-
Tunics & turbans: Afghan students don Taliban-imposed uniforms
-
Asian markets struggle as trade war hits China factory activity
-
Norwegian success story: Bodo/Glimt's historic run to a European semi-final
-
Spurs attempt to grasp Europa League lifeline to save dismal season
-
Thawing permafrost dots Siberia with rash of mounds
-
S. Korea prosecutors raid ex-president's house over shaman probe: Yonhap
-
Filipino cardinal, the 'Asian Francis', is papal contender
-
Samsung Electronics posts 22% jump in Q1 net profit
-
Pietro Parolin, career diplomat leading race to be pope
-
Nuclear submarine deal lurks below surface of Australian election
-
China's manufacturing shrinks in April as trade war bites
-
Financial markets may be the last guardrail on Trump
-
Swedish journalist's trial opens in Turkey
-
Kiss says 'honour of a lifetime' to coach Wallabies at home World Cup
NYSE - LSE
Premier League board approve Chelsea takeover by Boehly group
Todd Boehly's proposed takeover of Chelsea moved a step closer to completion on Tuesday when the Premier League board announced it had approved his purchase of the London club.
A consortium led by Boehly, a co-owner of baseball's Los Angeles Dodgers, had already agreed a £4.25 billion ($5.3 billion) deal to buy the Premier League club from owner Roman Abramovich on May 7.
And a Premier League statement said Tuesday: "The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
"The purchase remains subject to the (British) Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction."
Russian billionaire Abramovich put Chelsea on the market in early March, just before he was sanctioned by the British government following Russia's invasion of Ukraine.
Completing the purchase has been a lengthy process due to government concerns over the potential for Abramovich to profit from the sale.
But earlier on Tuesday, a spokesman for Prime Minister Boris Johnson confirmed the government were working with the club over the deal.
"We are working closely with Chelsea to progress the sale," the spokesman said.
"We are holding intense discussions with the relevant international partners to get the necessary approvals and we will set out further details as soon as we can."
L.Davis--AMWN