Portugese Government Authorise £4.25 Billion Sale Of Chelsea FC

Thursday, 26 May 2022 10:32

File image: Roman Abramovich via @JohnTerry26/Twitter

Roman Abramovich, current club owner, became a Portugese citizen last year

The takeover of Chelsea by the Todd Boehly led consortium has cleared its final hurdle - with Portugal and Europe agreeing to the deal.

Approval was needed from the country because Roman Abramovich obtained Portugese citizenship last year.

While Europe's permission was required, having followed Britain in sanctioning the Russian oligarch.

In a statement, Portuguese officials "gave authorisation" for the £4.25 billion sale to go ahead with the guarantee that proceeds "will be used for humanitarian purposes".

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