Brazil legend Ronaldinho snubbed both Manchester United and Manchester City when asked to name his favourite Premier League team.
24.05.2022 - 21:25 / manchestereveningnews.co.uk
Todd Boehly and the Clearlake Consortium have had their £4bn takeover of Chelsea approved by the Premier League.
The acquisition of Manchester United and Manchester City 's rivals still needs to go through Government approval but the announcement is a big positive step for the football club. This comes after former owner Roman Abramovich was sanctioned amid Russia’s invasion of Ukraine.
Chelsea were allowed to operate until the end of this month under a special licence. The club would have been unable to negotiate contracts or purchase players beyond that date if a takeover had not been secured.
A statement from the Premier League said: “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 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.”
Brazil legend Ronaldinho snubbed both Manchester United and Manchester City when asked to name his favourite Premier League team.
Argentina great Carlos Tevez has called time on a superb playing career that saw him represent both Manchester clubs and controversially switch from Manchester United to Manchester City in 2009.
Juventus have reportedly 'reignited' their interest in Manchester City defender Aymeric Laporte.
Naman Ramachandran A consortium led by Todd Boehly, chair and CEO of Eldridge, and Clearlake Capital Group, L.P. completed the £4.25 billion ($5.3 billion) acquisition of soccer team Chelsea Football Club on Monday. The consortium also includes Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Capital.
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