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British govt yet to OK Chelsea sale by sanctioned Abramovich

KIFI

By ROB HARRIS
AP Global Soccer Writer

The British government has yet to approve the sale of Premier League club Chelsea to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. Outgoing Russian owner Roman Abramovich is not allowed to profit from the proceeds of the sale since he was sanctioned and his assets were frozen for his links to President Vladimir Putin after the invasion of Ukraine. An update to the license allowing Chelsea to continue operating as a business is required from the government to approve the buyout.

Article Topic Follows: AP National Business

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