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Chelsea FC up for sale

Soccer Football – Premier League – Chelsea v Watford – Stamford Bridge, London, Britain – May 22, 2022 Fans inside the stadium during the match. Photo: Reuters

The British government issued a licence last night permitting the sale of Chelsea FC, sports minister Nadine Dorries confirmed on Wednesday.

Current owner Roman Abramovich is subject to sanctions by the British government. He put the London club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”, Reuters reports.

“We are satisfied the proceeds of the sale will not benefit Roman Abramovich or other sanctioned individuals,” Dorries said on Twitter.

“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.”

On Tuesday the Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners’ and Directors’ Test.

Writing by Muzha Kucha