The Chelsea takeover is ready to go through as Portugal approve the sale of Premier League giants by Abramovi

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Chelsea moved a significant step closer to confirming new owners after the Portuguese government approved the sale of the club.

Such an agreement demanded the green light from the Portuguese authorities, as Russian oligarch Roman Abramovich, Chelsea’s owner since 2003, also has Portuguese citizenship.

The approval was confirmed a day after the British government said it was satisfied that “the sale will not benefit Roman Abramovich”.

Chelsea agreed to the terms of the sale of the club to a group of owners led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss for £ 4.25 billion earlier in May. This agreement was adopted by the Premier League on Tuesday, awaiting government approval.

The British government sanctioned Chelsea owner Abramovich for his links to Russian President Vladimir Putin following the invasion of Ukraine.

The Chelsea acquisition promises an investment of 1.75 billion pounds in the club, while the proceeds from the sale are expected to be donated to victims in Ukraine.

The Portuguese government said in a statement on Thursday morning that a decision had been taken in the negotiations held the previous evening.

“Portugal gave permission for the sale of Chelsea Football Club this Wednesday night,” the statement said.

“The two competent national authorities – the Ministry of Foreign Affairs and the Ministry of Finance – gave the green light to the request received from Roman Abramovich for a humanitarian dispensation so that the English club could be implemented.

“The Portuguese permit comes from the British authorities’ guarantee that the proceeds from the sale will be used for humanitarian purposes, not directly or indirectly for the benefit of the club’s owner, who is on the EU sanctions list. The national position has been approved by the European Commission.”

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