The latest statement from the UK government states that there is not long to go before Chelsea can resume normal operations.
In the statement released by Nadine Dorries, the Secretary of State for Digital, Culture, Media and Sport, she revealed how close Chelsea are to having restrictions lifted.
With the Todd Boehly consortium convincing that they are the right people to take over the London club, Chelsea can now hope to sort out contract situations and summer signings in the not too distant future.
✅ Premier League approval
✅ Government approval
Todd Boehly is officially Chelsea Football Club’s new owner! pic.twitter.com/lYWwDKHuUT
— LDN (@LDNFootbalI) May 25, 2022
“The Club will be free from previous operating restrictions imposed by sanctions from the point the new ownership takes effect, and we expect this to take place in a matter of days,” a statement read.
“Chelsea FC identified their preferred owner, and after agreeing the conditions of the sale, they applied for a license to transfer ownership.
“The Government has assessed the evidence the Club has provided to support their application and we are satisfied that our conditions have been met and the integrity of the sanctions regime is maintained. OFSI has now issued a license to enable a sale on that basis.”
Secretary of State for Digital, Culture, Media and Sport Nadine Dorries says the completion of the sale of Chelsea Football Club will be a ‘matter of days’. 💰 pic.twitter.com/5LOlOSATBc
— Football Daily (@footballdaily) May 26, 2022
With Boehly set to take over any day now, Dorries revealed that all they are waiting on is Roman Abramovich’s name on the deal, a deal that will make sure he does not profit from the transaction.
“Now that the Government has issued the license, we expect the ownership transfer to take place in the coming days subject to Roman Abramovich agreeing to the sale himself… Any onward transfer of money will require further approval from the Government.
“A quick sale which respects the integrity of the sanctions regime has always been in the best interests of the Government, the club and the wider football community. This license will secure the future of this important cultural asset and deliver for the fans while ensuring Roman Abramovich will not benefit.”
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