The UK Government has finally approved the sale of Chelsea. Todd Boehly’s consortium is now set to buy the Premier League club from Roman Abramovich.
The £4.25 billion takeover bid was held up earlier this month after the government raised concerns that Abramovich would renege on his pledge to waive a £1.6bn loan.
Abramovich, who bought Chelsea for £140 million in 2003, is unable to receive a single penny from the sale of the club after he was sanctioned by the government in March.
The Russian oligarch had insisted that all net proceeds, believed to be the money from the sale minus legal fees, would be used ‘for the benefit of all victims of the war in Ukraine’.
Disha Salian Death Case: Mumbai Police Reiterates Suicide Theory, Denies Rape & Murder Allegations In HC Affidavit
Mumbai Monsoon Woes: BMC Receives 3,018 Valid Pothole Complaints In 1 Month, 474 Still Unattended
Bombay HC Dismisses Plea By 'Jimmy Boy' Building Occupants, Slaps ₹5 Lakh Cost For Suppressing Facts
Bombay HC Directs Maharashtra Govt To Safeguard 10,000-Year-Old Konkan Petroglyphs Amid Barsu Refinery Row
Read Also
Hardik Pandya: 'My name always sells. I've no problem with it, I just take it easy with a smiling...
