The transaction must be officially completed on Monday, added the Blues who therefore see their entity pass into American hands. The Premier League on Tuesday approved the takeover of the club by the group led by American businessman Todd Boehly. This consortium had formulated on May 7 an offer of 4.97 billion euros.
The British government had the next day authorized the takeover of the club, property of the Russian oligarch Roman Abramovich since 2003 In the turmoil after the Russian invasion in Ukraine, the Russian billionaire, targeted by London sanctions, had put the club up for sale Londoner on March 2, insisting he would not seek repayment of loans taken out by the club throughout his 19-year reign and that all proceeds from the operation would go to war victims. Abramovich bought the “Blues” in 2003 for 164 million euros.
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