(CNN) — The English Premier League announced, on Tuesday, its agreement to sell Chelsea FC to the alliance led by American businessman Todd Boley.
The deal is worth more than $5 billion and must be approved by the British government.
“The Premier League’s board of directors has approved the proposed acquisition of Chelsea Football Club by the Todd Boehle/Clerlake Association,” the Premier League said in a statement.
The statement indicated that Buhli had passed the “examination of owners and managers of the Premier League”.
It is noteworthy that Russian businessman Roman Abramovich, owner of Chelsea Football Club, is subject to sanctions by the British government in the framework of the sanctions imposed on businessmen close to Russian President Vladimir Putin due to the Russian invasion of Ukraine in February.
Abramovich put Chelsea up for sale in early March following the Russian invasion, saying at the time that it was “in the club’s interest”.
